However, the forward looking statements made by Cymer could be interpreted as an indication that the current forcasts are too low. In this case, analysts should soon be upgrading their forcasts...
Exactly. But as a guy named Lizzard King said awhile back, "Cymer is damaged goods" in the minds of the Street. I believe it's going to take some time to repair this. The 3Q earnings were a first step, but I think it resulted in a lot of confusion and disbelief. The Street was expecting bad news, because after all, there were two downgrades prior to the report. Once 3Q turned out to be fine, with extremely positive forward looking statements, the Street didn't know what to do. For some reason they don't seem to believe Cymer management, even though they are the ones that have been right all along.
Tomorrow may be the second step to recovery with SVGI's earnings report. I have a feeling it's going to be very positive for Cymer with mentions of Intel's DUV ramp-up. This will lead to step three, upgrades from the analysts.
BTW everyone, I managed to turn down the contrast on Cymer today. I only checked the real-time price once before I went to work and from then on it was only the occasional delayed quote.
Waiting for the spring to snap,
Gary. |
