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Technology Stocks : Evans & Sutherland -- ESCC -- Ignore unavailable to you. Want to Upgrade?

To: Ski who wrote (2)	9/9/1998 8:54:00 PM
From: Candle stick	Respond to of 7

Evans & Sutherland Announces Intent to Repurchase Additional Shares SALT LAKE CITY--(BUSINESS WIRE)--Sept. 9, 1998--Evans & Sutherland Computer Corp. (E&S) (NASDAQ: ESCC - news) Wednesday announced authorization by its board of directors to repurchase 1 million shares of its common stock. The new authorization, when combined with the unused portion of the company's previous authorization, allows the company to repurchase approximately 1.2 million shares. The stock may be acquired in the open market or in negotiated transactions from time to time in compliance with SEC rules. As of Sept. 9, 1998, Evans & Sutherland had approximately 11 million shares of common stock and equivalents outstanding. Comments from James R. Oyler, President and Chief Executive Officer ''We believe the stock is undervalued at the moment, and represents an unusual buying opportunity. We have sufficient cash on hand to meet all our internal needs, and expect to be cash positive in the third and fourth quarters. Expanding our previous share repurchase program at this time is a sound use of our cash and will benefit all our shareholders.'' Evans & Sutherland develops and manufactures hardware and software to produce highly realistic 3D synthetic worlds. E&S business units deliver high-quality visual systems for simulation and training in defense and commercial applications as well as high-performance systems for desktop graphics, digital studio, and digital theater applications throughout the world. Founded in 1968, E&S is headquartered in Salt Lake City. Visit E&S's web page at es.com. This news release contains forward-looking statements that involve risks and uncertainties, including but not limited to quarterly fluctuations in results, the timely availability and customer acceptance of new products, the impact of competitive products and pricing, general market trends and conditions and other risks detailed in the company's SEC reports. Actual results may vary materially from projected results. Note to Editors: E&S is a registered trademark of Evans & Sutherland Computer Corp. Contact: Evans & Sutherland Computer Corp., Salt Lake City John Lemley, 801/588-1712 jlemley@es.com or Morgen-Walke Chris Danne, 415/296-7383 cdanne@mwa-sf.com