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To: Johnny Canuck who wrote (41037)	4/14/2004 5:08:07 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70664

7:10PM GSI Lumonics says Q1 sales to exceed analyst forecasts (GSLI) by Carolyn Pritchard SAN FRANCISCO (CBS.MW) -- GSI Lumonics (GSLI) late Tuesday posted preliminary first-quarter revenue far above Wall Street's expectations. The maker of lasers and laser-based manufacturing systems said sales for the period ended April 2 will be in the range of $73 million to $75 million. Analysts polled by Thomson First Call are currently looking for sales of $59 million. GSI also said bookings for the quarter were roughly $86 million and that gross margin will be slightly improved over the fourth quarter 2003. GSI shares added 18 cents to end at $13.90 ahead of the announcement. [Harry: Don't know if they have anymore exposure on the telecom side.]