A letter e-mailed to Akins yesterday (edited for this board): If you agree, e-mail Cymer. Maybe I'm wrong in this, but it is my opinion.
Dr. Akins:
Given Montgomery and Morgan Stanley's downgrading of your company, and now, today, Barron's misinformation, your stock could well be under further pressure to drop. I know how you personally feel about this situation, and as a professional with much invested in Cymer, I would think it would be in Cymer's best interest to comment Monday morning regarding your final standing in all of this. It would not be, at this point, "unkosher" or unethical relative to SEC rules to tell the community that revenue and earnings will meet and/or exceed expectations. Applied Materials did so last week, there is nothing wrong with you doing so. You've got to somehow calm this market. As an indirect result of all this could Cymer's business be affected given the correlation many times between the stock price growth and the growth of business (both are important)? Cymer made the first error by pulling out of the conference, so it is up to Cymer to correct this error. I do not know how long it will take for the market to correct this error if you don't. This is a battle of words and it is my advice that you step in (again) and comment again. It must be done Monday morning for the shorts have substantively increased your float no doubt expecting your stock to drop further. This is not business as usual. I trust you will accept my advice as coming from a friend and stockholder concerned about my personal investment.
Sincerely,
Darrell Smith |
