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Technology Stocks : Cymer (CYMI)
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To: Robert Douglas who wrote (23619)11/18/1999 12:26:00 PM
From: Darryl Olson  Read Replies (1) of 25960
 
As Curly has pointed out before, it's interesting that the upgrades include an increase in earnings estimate but a hold or decrease in the growth multiple. The growth multiple in this upgrade was 30x.

If we use 45x as noted in the past, the target price would be $90.

Oh well, I will just have to learn to live with these stair-step upgrades. On the positive side, they do extend the life of the party.
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