The company made this announcement during the trading hours on Thursday, 29 November 2007.

Meanwhile, BSE Sensex was up 98.28 points or 0.52% to 19,101.54 after comments on Thursday, 29 November 2007, by Federal Reserve Chairman Ben Bernanke reinforced expectations that the US central bank was willing to lower interest rates again at the 11 December 2007 meeting.

On BSE 200 shares were traded in the counter. The scrip had an average daily volume of 3,718 shares in the past one quarter.

The stock hit a high of Rs 35.50 and a low of Rs 35.25 so far during the day. The stock had a 52-week high of Rs 47.30 on 9 October 2007 and a 52-week low of Rs 23.50 on 1 December 2006.

The small-cap scrip had underperformed the market over the past one month till 28 November 2007, declining 5.53% compared to the Sensex’s decline of 4.27%. It had underperformed the market in the past one quarter, rising 1.62% compared to Sensex’s rise of 25.24%.

The company’s current equity is Rs 5 crore. Face value per share is Rs 10.

The current price of Rs 35.25 discount its Q2 September 2007 annualized EPS of Rs 8.08 by a PE multiple of 4.36.

ASM Technologies has acquired the US firm through its wholly owned subsidiary Advanced Synergic, Singapore and financed by Indian Bank, Singapore.

Enterprise Software Resources (ESR) has been in the business for the last 10 years assisting large corporations and Fortune 500 companies with enterprise applications.

AMS Technologies’ net profit declined 0.98% to Rs 1.02 crore on 3.15% fall in net sales to Rs 9.85 crore in Q2 September 2007 over Q1 June 2007.

ASM is a software services company focusing on consulting, information technology (IT) services, enterprise solutions, Internet applications, embedded systems, system software, networking and telecom and software testing, verification and validation.