Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Electro Scientific??? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (286)	11/25/1997 12:04:00 AM
From: vinh pham	Read Replies (1) \| Respond to of 723

Biggest customer is Samsung. Japan and Taiwan generate a lot more business. Outside of Samsung, ESIO have never been very strong in Korea. Lots of memory and capacitor business in Japan. If ESIO meets the .73/share estimate for quarter ending 11/97, what do you think it should trade at? ( Based on their past records they will meet estimate ) Actually they should report record sales, especially with the AISI numbers. Last quarter was $48 millions in sales, in order to meet the .73/share estimate, they will have to announce sales of 51 - 52 millions. AISI would add another 8 millions to that.....wow...a $60 millions quarter. 4 years ago ESIO would do $60 millions all year!!! Just bought more shares to day at around $41. .... great long term buying ( 2 quarters or more ) opportunity..... Later

To: Mark Oliver who wrote (286)	12/2/1997 10:43:00 PM
From: vinh pham	Read Replies (1) \| Respond to of 723

Electro Scientific Closes Mich. Firm Buy For 1.4M Shares PORTLAND, Ore. (Dow Jones)--Electro Scientific Industries Inc. (ESIO) acquired Applied Intelligent Systems Inc. for about $60.6 million in stock. Applied Intelligent Systems, Ann Arbor, Mich., provides machine vision solutions to the semiconductor and electronics industries. In a press release Tuesday, Electro said it expects the acquisition to be accretive to earnings in its first quarter of fiscal year 1998. Since the acquisition will be accounted for as a pooling of interests, the company plans to restate its earnings for the first quarter ended Aug. 31. For the first quarter ended Aug. 31, Electro lost $3.9 million, or 39 cents a share, on sales of $48.4 million, including a loss of $11.1 million related to an acquisition. Excluding the charge, the company earned 68 cents a share. As reported, Electro exchanged 1.4 million Electro common shares for the 1.2 million shares Applied Intelligent Systems had outstanding. Applied Intelligent Systems resevered 200,000 shares to cover outstanding options. Applied Intelligent Systems' sales for the three months ending Aug. 31, were $8.7 million. For the year ended May 31, Electro earned $21.3 million, or $2.27 a share, on sales of $160.1 million. A company spokeswoman said Electro planned to issue its restated first quarter with its second quarter results on or about Dec. 15. Electro Scientific, Portland, Ore., makes electronic manufacturing products.