Micro Imaging Technology Inc (MMTC)

[vinwin]

OSI Systems weighs Indian acquisition, market listing
Posted: Friday, Jan 07, 2005

http://www.financialexpress.com/news/osi-systems-weighs-indian-acquisition-market-listing/123469/1

This is from 2005, but it shows two things:

(1) OSI had plenty of cash to do acquisitions in 2005
In 2005 they had a LOSS of 2.5 Million on 385 Million sales
In 2010 they had a PROFIT of 23 Million on 595 Million Sales

(2) Mr. Satyanarayana was director of OSI Systems India AND also vice-chairman and managing director of ECIL Rapiscan, a joint venture between OSI Systems Inc and ECIL. So, OSI partners in a big way with their joint venture people.

“Money is not a problem for the acquisition …” Mr Satyanarayana said. (in 2005)