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ESI Board of Directors Suspends Dividend to Concentrate Resources on Growth

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PORTLAND, Ore.--(BUSINESS WIRE)--Electro Scientific Industries, Inc. (Nasdaq: ESIO), an innovator in laser-based manufacturing solutions for the microtechnology industry, today announced that its Board of Directors has suspended its quarterly dividend. “We are in the middle of a major turnaround at ESI to return to long-term growth, profitability, and cash generation,” stated Edward C. Grady, president and CEO of ESI. “Our revitalization effort involves leveraging our recent acquisition of Topw

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