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Technology Stocks : Cymer (CYMI)
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To: BillyG who wrote (9779)11/15/1997 6:01:00 AM
From: Gerald Egan  Read Replies (1) of 25960
 
To All: CYMER recommended by California Technology Stock Letter.

Michael Murphy's Nov. 14 California Technology Stock Letter recommends Cymer as a buy up to $21. Murphy says he looks for a 50% gain over the next two months.

Murphy and his letter have gotten some criticism over the past year for having picked some apparent "dogs" such as IFMX and DIMD, both of which lost quite a bit of value from his entry point. (I say "apparent" because he is still holding them and considers them to be excellent turnaround candidates.) But my impression as a subscriber of less than a year is that his newsletter is very widely followed and that his performance on semi stocks has been very good. Overall, I would hazard that Murphy is much more highly regarded for his knowledge of the tech sector and his overall abilities to pick stock than is Carlton Lutts of the Cabot News Letter, which recommended Cymer last month.

Cymer is basically Murphy's featured stock of the current letter, with a relatively (for a general newsletter) detailed explication of DUV and photolithography, and an analyses of Cymer financial situation and the stock's recent roller-coaster performance (Murphy calls it an "E-ticket ride of late.")

I'd say that the article couldn't be more positive, and it wouldn't surprise me it's publication Friday added some strength to the stock's surge upward. I'd cut and paste the entire text and post it here, but I'm afraid that I'd be violating copyright. But I don't think that Murphy would mind me quoting his statement that, "At 10x next year's growth flow, we're delighted to get into the dominant market leader at this price." His 12-month target is $36.50.
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