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Technology Stocks : Cymer (CYMI)
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To: nycnpbbkr who wrote (1248)9/8/1997 6:39:00 PM
From: Jersey Jim   of 25960
 
When you talked to Dr. Adkin's on Saturday did he indicate what Cymer was going to do with the $150 mil. in convertible notes. This is a large cash position to add to the balance sheet. The real problem is whether they intend to spend it and what effect it will have on earnings in the coming quarters.

EX. 3rd quar. 130 units x $500 k/ = $65,000,000.
pretax margin .35
operating profit 22,750,000.

If they dip into the note money they have the cash for big potential expenses down the road. I'm curious whether anyone asked what Cymer intended to do with his bundle of cash.
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