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News and Information Article
BILLERICA, Mass., March 22 /-FirstCall/ -- GSI Group Inc.,
(Nasdaq: GSIG), a supplier of precision motion components, lasers and laser
systems, announces the date of its first quarter 2006 earnings release for
April 25th at 4:01pm EST, followed by a conference call with Management on
April 26th at 8:30am EST.
The Company believes its first quarter diluted per share earnings will be
at the high end of the range originally provided in its press release on
February 21, 2006. The Company currently expects first quarter diluted per
share earnings to be in the range of $0.10 to $0.12, compared to guidance of
$0.09 to $0.11, provided on February 21, 2006. First quarter revenues are
anticipated to be in the range of $70.0 million to $75.0 million, consistent
with earlier guidance.
The Company also believes revenue and earnings for its second quarter 2006
will continue to improve above those anticipated for the first quarter,
because of continuing quotation activity from Laser Systems customers,
combined with the solid activity in its Precision Motion business.
"Demand for our systems appears to be strong and we remain positive about
our business outlook for the near term. We are winning new memory repair
customers, as well as additional business from existing customers. Further,
mixed signal chip customers are indicating increased market strength in 2006.
While visibility remains relatively limited, based on discussions with
customers we are optimistic in our near term outlook," said President and CEO
Charles Winston.
About GSI Group Inc.
GSI Group Inc. supplies precision motion control products, lasers and
laser-based advanced manufacturing systems to the global medical,
semiconductor, electronics, and industrial markets. GSI Group Inc.s common
shares are listed on Nasdaq (GSIG).
Certain statements in this news release may constitute forward-looking
statements within the meaning of the United States Private Securities
Litigation Reform Act of 1995, Section 27A of the United States Securities Act
of 1933 and Section 21E of the United States Securities Exchange Act of 1934.
These forward-looking statements may relate to anticipated financial
performance, managements plans and objectives for future operations, business
prospects, outcome of regulatory proceedings, market conditions, tax issues
and other matters. All statements contained in this news release that do not
relate to matters of historical fact should be considered forward-looking
statements, and are generally identified by words such as "anticipate,"
"believe," "estimate," "expect," "intend," "plan," "objective" and other
similar expressions. Readers should not place undue reliance on the
forward-looking statements contained in this news release. Such statements are
based on managements beliefs and assumptions and on information currently
available to management and are subject to risks, uncertainties and changes in
condition, significance, value and effect. Other risks include the fact that
the Companys sales have been and are expected to continue to be dependent
upon customer capital equipment expenditures, which are, in turn, affected by
business cycles in the markets served by those customers. Other factors
include volatility in the semiconductor industry, the risk of order delays and
cancellations, the risk of delays by customers in introducing their new
products and market acceptance of products incorporating subsystems supplied
by the Company, similar risks to the Company of delays in its new products,
our ability to continue to reduce costs and capital expenditures, our ability
to focus R&D investment and integrate acquisitions, changes in applicable
accounting standards, tax regulations or other external regulatory rules and
standards, and other risks detailed in reports and documents filed by the
Company with the United States Securities and Exchange Commission and with
securities regulatory authorities in Canada. Such risks, uncertainties and
changes in condition, significance, value and effect, many of which are beyond
the Companys control, could cause the Companys actual results and other
future events to differ materially from those anticipated. The Company does
not, however, assume any obligation to update these forward-looking statements
to reflect actual results, changes in assumptions or changes in other factors
affecting such forward-looking statements.
GSI-G
For more information contact: Investor Relations, 978-439-5511, Ray Ruddy,
(ext. 6170)
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