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phill

06/30/04 5:39 PM

#264051 RE: Zeev Hed #264045

Zeev, CGNX had a very strong day, pushing through 38 to close up 1.69 at 38.48.

That number is both the daily high and a 42 month high, all on substantial volume. Additionally, CGNX has reduced the SEMI OEM segment of its business to <40% of revenues, per its most recent 10-K.

Does any/all of this suggest to you a more positive prognosis than you might have previously estimated?

Thanks in advance for your observations.

regards,

phill