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GOP's Chambliss jumps to early lead in Ga. Senate- Republican Sen. Saxby Chambliss jumped out to an early lead Tuesday over Democrat Jim Martin in Georgia's U.S. Senate runoff that attracted light voter turnout despite the contest's high stakes on the balance of power in Washington.
Police: Mumbai gunmen came by sea from Pakistan- The gunmen who attacked Mumbai set out by boat from the Pakistani port of Karachi, then later hijacked an Indian fishing trawler that carried them toward this financial capital on their suicide mission, a top police official said Tuesday.
Gates: Military looks to accelerate Iraq pullout- Defense Secretary Robert Gates signaled a willingness Tuesday to forge ahead with two key priorities for the incoming Obama administration: accelerating the U.S. withdrawal from Iraq and shutting down the Guantanamo Bay detention center.
- The divorce rate among soldiers and Marines increased last year as military marriages suffered continuing stress from America's two ongoing wars. There were an estimated 10,200 failed marriages in the active duty Army and 3,077 among Marines, according to figures obtained by the Associated Press for the budget year ended Sept. 30.
Auditors fault Treasury oversight of bailout funds- The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review of the rescue package.
Chained teen shows up at Calif. gym; 2 arrested- A Girl Scout leader and her husband were arrested after an emaciated, terrified and nearly naked 17-year-old showed up at a gym with a chain locked to his ankle, saying he had just fled his captors, authorities said Tuesday.
Nixon records show aides dishing dirt on critics- In Richard Nixon's time, all the president's men fretted about threats on every front: disquiet out on the streets, disloyalty inside the administration and trouble from political opponents who had to be discredited at any cost.
Coleman pleads no contest to disorderly conduct- Gary Coleman has pleaded no contest to a disorderly conduct charge stemming from a September incident at a bowling alley. The 40-year-old former star of "Diff'rent Strokes" was ordered to pay a $100 fine in a Payson court Tuesday. He also pleaded no contest to a reckless driving charge, which will be waived if he doesn't have any other violations within a year.
- A message in a bottle tossed into the ocean off Barnegat Bay has turned up in North Carolina - 39 years later. The note was sealed in a Schaefer beer bottle. It was dated Aug. 17, 1969 and read: "If found notify the North Haledon Fire Co. 2."
Giants suspend Burress for rest of regular season- Super Bowl hero Plaxico Burress is done for the year. The New York Giants fined and suspended Burress on Tuesday for four games - the rest of the regular season - after he accidentally shot himself in the right thigh over the weekend at a Manhattan nightclub. The team also placed him on the reserve non-football injury list, which means the wide receiver couldn't come back for playoffs, either.
GSI Schedules Second Quarter Earnings Call
BEDFORD, Mass.
(Map)
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Participants are invited to join by dialing (706) 634-5123 with an access code: 57330611. The replay will be available for two weeks by dialing (706) 645-9291 with the replay passcode: 57330611. The conference call also will be broadcast live over the Internet at www.gsig.com.
GSI Group Inc. supplies precision technology and semiconductor systems to the global medical, semiconductor, electronics, and industrial markets. GSI Group Inc.'s common shares are listed on Nasdaq (GSIG). The Company's web site address is www.gsig.com.
Forward Looking Information
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 include, but are not limited to, anticipated
financial performance; management's plans and objectives for achieving more
stable revenues and predictable growth, including as a result of the pending
acquisition of Excel Technology (Excel); business prospects; industry trends;
and market conditions. 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. Such statements are based on our management's beliefs
and assumptions and on information currently available to our management and
are subject to risks, uncertainties and changes in condition, significance,
value and effect. Some of the risks and uncertainties that may cause actual
results and events to differ materially from those set forth in the
forward-looking statements include the following: our management's ability to
maintain or accurately forecast revenue growth or to anticipate and accurately
forecast a decline in revenue from any of our products or services; our
ability to compete in an intensely competitive market; its ability to develop
and introduce new products or enhancements on schedule and that respond to
customer requirements and rapid technological change; new product
introductions and enhancements by competitors; our ability to select and
implement appropriate business models; plans and strategies and efforts to
execute on them; our ability to identify, hire, train, motivate, and retain
highly qualified management/other key personnel and its ability to manage
changes and transitions in management/other key personnel; the impact of
global economic conditions on GSI's business; unauthorized use or
misappropriation of its intellectual property; as well as the risk factors
discussed previously and in periodic reports filed by us with the SEC or with
securities regulatory authorities in
In addition, to the extent the forward-looking statements assume, or are based upon, successful completion of the pending acquisition of Excel, such statements also involve risks and uncertainties that may cause actual results and events to differ materially from those set forth in the statements, including the following: (a) the occurrence of any event, change or other circumstance that could give rise to the termination of our definitive merger agreement with Excel Technology, Inc. (Excel), including our external financing being unavailable due to the non-satisfaction of the conditions contained in the financing agreements or the failure of the investors party thereto to fulfill their obligations thereunder; the inability to complete the acquisition of Excel due to the failure to receive required regulatory or other approvals or to satisfy other conditions to the transaction; the risk that the proposed acquisition disrupts current plans and operations; the risk that anticipated synergies and opportunities as a result of the acquisition will not be realized; difficulties or unanticipated expenses in connection with integrating Excel into GSI; the risk that the acquisition does not perform as planned, including the risk that we or Excel will not achieve revenue projections; the risk that the substantial indebtedness we will incur to finance the acquisition will materially and adversely affect our business by, among other things, requiring us to apply all or substantially all of our free cash flow to service the indebtedness and/or to dispose of assets to obtain cash for other permitted uses; the inability to retain key employees of either company; and changes in either company's business between now and the closing of the acquisition.
Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Management and GSI disclaim any obligation to publicly update or revise any such statement to reflect any change in its expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results and events will differ from those contained in the forward-looking statements.
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