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To: Mark Oliver who wrote (266)	11/1/1997 1:44:00 PM
From: vinh pham	Read Replies (1) \| Respond to of 723

I have taken this opportunity taken profit on some of the high priced stocks. Buying heavily into semiconductor chip stocks and hold on. Picked up ALSC, QUAL, CY, and TSEMF. Have you gotten any response from ESIO PR about the AISI deal? Vinh

To: Mark Oliver who wrote (266)	11/1/1997 1:48:00 PM
From: vinh pham	Respond to of 723

Does this mean that ESIO is in the driver seat in bidding for AISI? Early Antitrust Clearances Approved By FTC WASHINGTON (Dow Jones)--The following is a list of companies or persons that the Federal Trade Commission has cleared of antitrust concerns in connection with the proposed purchase of assets or common stock: (Source - Federal Filings Business News) Name of acquiring Name of entity with person or company assets or stock acquired Electro Scientific Applied Intelligent Systems Inc. John Catsimatidis Sloan's Supermarkets Inc. Midcoast Energy Resources Graphics Industries Inc. Inc. Whitehall Associates L.P. Melamine Chemicals Inc. LDI Corp. Thompson PBE Inc. The above companies or persons were granted early termination of the waiting period under the Hart-Scott-Rodino Act. The termination date is Oct. 30, 1997. The FTC provides no further information on these transactions. The Hart-Scott-Rodino Act generally requires investors to notify the Federal Trade Commission if they intend to acquire a minimum of 15% of a company's outstanding shares, or, stock or assets valued at a minimum of $15 million. The statute is designed to enable the FTC to review proposed mergers and acquisitions for possible violations of the antitrust laws. The FTC frequently grants "early termination" of the waiting period required by law.

To: Mark Oliver who wrote (266)	11/3/1997 12:01:00 PM
From: vinh pham	Read Replies (3) \| Respond to of 723

Cognex Corporation Terminates Bid for AISI BusinessWire, Monday, November 03, 1997 at 08:10 NATICK, Mass.--(BUSINESS WIRE)--Nov. 3, 1997--Cognex Corporation (NASDAQ:CGNX), the world's leading supplier of machine vision systems, announced today that it has terminated its bid to acquire Applied Intelligent Systems, Inc. (AISI), which was previously announced on October 6, 1997. "Our sole interest in acquiring AISI was to add to Cognex's profitability by adding AISI's customers to our rolls. We now believe that AISI's future revenue and profits are likely to be below our earlier estimates, largely due to a possible decrease in future business from their principal customer who is currently funding an internal effort to develop an alternative to the AISI products," said Dr. Robert J. Shillman, Cognex's President, CEO, and Chairman. "Cognex will continue to seek accretive acquisitions that bring unique technology or new market opportunities to our company; unfortunately, AISI no longer meets our criteria." Cognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can "see." Cognex is the world's leader in the machine vision industry, having shipped to date more than 65,000 machine vision systems. Cognex's Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems which are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex's Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems which are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, paper, and plastics. In addition to its corporate headquarters in Natick, Massachusetts, Cognex also has regional offices located throughout North America, Japan, Europe, and Southeast Asia. Visit Cognex on-line at cognex.com . CONTACT: Cognex Corporation John Rogers, 508/650-3000