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Technology Stocks : Cymer (CYMI)
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To: Proud_Infidel who wrote (25605)10/30/2001 4:41:34 PM
From: Cymeed  Read Replies (2) of 25960
 
<<< Cymer reduces headcount by 11% or 100 employees >>>

This is kind of good/bad news to me. Anybody else?

The bad part seems to be, it implies continued weakness in the near future.

The good part is, it saves cash during the bad times, improves productivity, and makes the earning potential better when an upturn does come.

I also noticed that Cymi has outperformed AMAT recently and its price movement seems to be stronger than a lot of other techs (come down only a little when the market is down and up a lot when the market is up). I have a lot to thank Zeev for pulling me out of that bearish sentiment over Cymi when it was traded around $14~$16.
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