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Technology Stocks : Cymer (CYMI)
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To: Brad Rogers who wrote (18029)6/11/1998 7:06:00 PM
From: Mr. Aloha   of 25960
 
ASM Lithography Inc. (ASMLF) is poised to fall Friday after the chip-equipment manufacturer said it expects fiscal 1998 earnings to fall below fiscal 1997 results. The company attributed the weak results to overall softness in the capital equipment market and order reductions by Taiwanese customers. In 1997, ASM earned $1.08 a share, and analysts expected approximately $1.52 in fiscal 1998. Last week, CIBC Oppenheimer downgraded the shares to "buy" from "strong buy." Shares closed down 2 15/16 at 34 5/16 ahead of the news.
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