| An SI Board Since January 1999 |
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LUM |
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Lumonics appears to be (possibly) attempting a break-out today, currently up 50 cents at $7.90 versus 52-week low/high of 6.50/27.50. Lumonics has an agreement to merge with General Scanning Inc., which would make the combined entity the world's powerhouse of laser-based manufacturing, processing, and labeling systems. Both companies have had poor earnings, with write-offs, over the past year, on account of the fall-off in the semiconductor and other industries they serve (partly the Asian fall-out). However, their combined longer-term outlook appears very promising, and both are highly depressed from valuations of less than a year ago. Can anyone provide further guidance? Is now the time to climb on board before the share price makes a strong advance? LUM shares have been building a solid base for nearly four months, mostly around the $7.50 level. After the merger is completed, expected later this month, the shares of "GSI Lumonics" will trade on both the TSE and Nasdaq, which could give a further boost to share prices. Jay
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