Electro Scientific

(This article originally appeared in the The Motley Fool's Lunchtime News on Tuesday, March 18, 1997)

UPS

Pharmaceutical company ANDRX CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ADRX)") else Response.Write("(Nasdaq: ADRX)") end if %> gained $1 9/32 to $23 3/4 after Dillon Read initiated coverage with a "buy" rating, setting a year 2000 earnings estimate of $3.36 per share.

FPA MEDICAL MANAGEMENT <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: FPAM)") else Response.Write("(Nasdaq: FPAM)") end if %> gained $1 3/8 to $20 1/4 after the company completed its acquisition of AHI Healthcare Systems.

French conglomerate ALCATEL ALSTHOM <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: ALA)") else Response.Write("(NYSE: ALA)") end if %> gained $1 7/8 to $23 1/2 after the company reported 1996 earnings of $477 million, beating the company's forecast of $442 million. The company also said it can improve gross margins by two percentage points in 1997 and 1998.

MAIL BOXES ETC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: MAIL)") else Response.Write("(Nasdaq: MAIL)") end if %> rose $1 3/8 to $21 1/2 after the company signed a product marketing agreement with MICROSOFT <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: MSFT)") else Response.Write("(Nasdaq: MSFT)") end if %>.

Semiconductor process equipment company ETEC SYSTEMS <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ETEC)") else Response.Write("(Nasdaq: ETEC)") end if %> added $2 5/8 to $33 1/8 after announcing the hiring of two IBM <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: IBM)") else Response.Write("(NYSE: IBM)") end if %> senior researchers and the acquisition of certain intellectual properties from that company.

ELECTRO SCIENTIFIC INDUSTRIES <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ESIO)") else Response.Write("(Nasdaq: ESIO)") end if %> rose $1 1/8 to $26 7/8 after the laser and robotic vision systems company reported Q3 earnings per share (EPS) of $0.56, beating estimates by $0.01 per share, on a 6% sequential increase in sales of $37.2 million.

(c) Copyright 1997, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool.

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