Investor group increases stake in Fusion Systems Corp. stock

October 14, 1994|By Bloomberg Business News

WASHINGTON -- Dawson-Samberg Capital Management Inc. and its associates increased their stake in the common stock of Rockville-based Fusion Systems Corp. to 9 percent from 7.5 percent, according to a filing with the Securities and Exchange Commission.

The investor group -- comprising Dawson-Samberg, Pequot Partners Fund L. P., and D-S International Partners L. P. -- reported that it purchased 165,000 shares on Oct. 6 at $29.50 a share.

Dawson-Samberg now owns 272,000 shares of Fusion's common stock; Pequot owns 212,000; and D-S International owns 199,800 shares, according to a Schedule 13D filed yesterday with the SEC.

Fusion Systems makes products used in semiconductor manufacturing for a variety of different industries.

The company has more than 2,500 customers worldwide and has sales offices in the United States, Japan and Europe.

The company posted net income of $6 million for 1993, with earnings per share of 93 cents. This was a marked increase over the year before, when the figures were $800,000 and 12 cents a share, respectively.

Fusion's common stock closed yesterday at $30 a share, up 25 cents.

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