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Technology Stocks : Cymer (CYMI)

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To: FJB who wrote (1233)9/8/1997 10:59:00 AM
From: Ian@SI   of 25960
 
Bob,
I'm also in, but this is still falling fast: My limit order at 65 9/16 actually filled below $65. In the 30 seconds between getting the verification and typing in my trading password to submit the order, the stock dropped more than $0.625.

Re the press release: I thought it was rather clear. A stepper customer (perhaps someone such as AMD with its K-6 chip) has encountered process problems. These problems may or may not be related to use of Cymer's products. i.e. - Could be a separate process such as "strip" which is causing yield problems when at 0.25u design rules. Worst case, the migration to 0.25u might be slowed down by a few months IMO. Chipmakers must continue to innovate or become unprofitable. CYMI still offers the best game in town.

Re P-GILD: There's been a couple posts lately implying that PGILD might be a competitive technology to DUV. Nothing could be further from the truth. UTEK's PGILD tool also uses CYMI's lasers; is now available and is being evaluated. It allows chipmakers to very precisely control the concentration of the dopant as well as the precise area to be "doped". PGILD becomes more essential as steppers using CYMI's lasers become more widespread. PGILD and DUV/EUV are synergistic not competitive.

Best wishes to all,

Ian.
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