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[mick]

Video Display to Purchase TFS Division
Monday May 9, 1:57 pm ET
Video Display to Purchase Three-Five Systems Unit Innovative Display Systems


ATLANTA (AP) -- Video Display Corp., a maker of cathode-ray tubes used in televisions, computer monitors and data display screens, on Monday said it agreed to acquire Three-Five Systems Inc.'s Innovative Display Systems division.
Financial terms of the deal, which is expected to close today, were not disclosed.

Innovative Display Systems, formerly known as Advanced Video Technologies, is a designer, engineer and manufacturer of video technologies. The Marlborough, Mass.-based company was founded in 1988, and specializes in flat panel, touch screen and rack mount systems with custom military, industrial and commercial requirements.

Video Display shares fell 36 cents, or 2.5 percent, to $14.13 in afternoon trading on the Nasdaq, while shares of Three-Five Systems rose 3 cents, or 3.9 percent, to 80 cents on the New York Stock Exchange.





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