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Technology Stocks : Cymer (CYMI)

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To: Ritz who wrote (20924)2/1/1999 7:11:00 PM
From: WTSherman   of 25960
 
This is an excellent thread, even though the occasional talk of $100-200 share prices makes me a little uneasy about hype. At any rate, I believe that what this report and the cc will result in is the classic lowering of expectations. The expected increase in support expenses can only be the result of CYMI's belief that they are on the cusp of a major and rapid upswing in orders. All the rest is CYA stuff, I think management has reached the point that they'd rather talk less and produce more...

It is also not impossible that they did not book orders during the last quarter in order to make their forward progress this year look better. I don't believe there is any accounting practice that dictates they book orders if they don't want to.
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