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Technology Stocks : Cymer (CYMI)

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To: John Westman who wrote (23091)9/23/1999 3:17:00 AM
From: Mani1  Read Replies (2) of 25960
 
John Re <<how soon we forget the ride from $30 to $6.>>

Actually it was from 49 to 6. That had a lot to do with CYMI being over bought in the first place as well as the manufacturing problems with the stepper slowed down the roll out of DUV. Expectation for demand were also too high resulting in an inventory built up of the lasers.

Then sh*t hit the fan when the whole industry hit a huge slump. Almost all equipment stock surpassed their previous high while cymi had not even come close.

Industry is headed for a sustain recovery (so I hear) and it is unlikely that we will see a severe price decline any time soon. But I think CYMI is expensive considering its forward looking PE and the also considering that the market share can only go down from here.

Mani
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