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Technology Stocks : GSCN - General Scanning -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (69)	1/27/1998 2:25:00 PM
From: Thomas C. Donald	Read Replies (1) \| Respond to of 167

This is probably what caused the stock to drop today. It doesn't seem that anything substantial has changed, but it sure spooked some of the investors. The new information was available on Jan 23rd. ----------------------------------------------------------------- Court Reinstates Claim in Robotic Vision Systems' Fraud Suit Against General Scanning; Sets Date for Jury Trial BusinessWire, Tuesday, January 27, 1998 at 11:37 HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Jan. 27, 1998-- -- Previously Dismissed "Tortious Interference" Claim Against General Scanning Reinstated -- Adds to Fraud and Unfair Competition Claims -- Jury Trial Scheduled to Begin May 4, 1998 Robotic Vision Systems Inc. ("RVSI") (NASDAQ:ROBV) today announced that, on Jan. 23, 1998, the Hon. John Gleeson, United States District Judge for the Eastern District of New York, granted RVSI's motion to reconsider the Court's prior dismissal of RVSI's claim against General Scanning Inc. for tortious interference with business relations in RVSI's suit against General Scanning stemming from General Scanning's acquisition of View Engineering Inc. in late 1996. The Court reinstated RVSI's tortious interference claim and vacated its prior order of dismissal upon this claim. Judge Gleeson set a trial date for May 4, 1998 at which time the tortious interference claim, as well as RVSI's claims against General Scanning of fraud and unfair competition will be heard by a jury. In a related matter, the current status of RVSI's two patent infringement suits against View Engineering in the United States District Court for the Southern District of California are as follows: -- The trial has been completed in RVSI's suit relating to coplanarity inspection of ball grid array (BGA) semiconductor device packaging. A verdict is expected in March 1998. -- Discovery is substantially complete in RVSI's infringement suit relating to in-tray inspection of semiconductor devices. Expectations are that this case will go to trial in August 1998.