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Technology Stocks : Cymer (CYMI)

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To: Guy Gordon who wrote (24232)2/9/2000 12:53:00 PM
From: Guy Gordon  Read Replies (1) of 25960
 
I talked to my broker at MSDW. He said he would use this downgrade as a buying opportunity.

From the report:

CYMI has increased 176% over the last eleven months compared with 147% for the SOX index and 15% for the S&P Industrials. The stock is trading at 32x or F2001 (December) EPS estimate of 2.05, wich places CYMI shares among the highest multiple stocks...

We currently forecast Cymer's revenues to grow 62% in C2000 and 26% in C2001...



So it's basically an evaluation call. They think there are better buys out there.
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