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Technology Stocks : Cymer (CYMI)
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To: Tsaen Wang who wrote (1366)9/9/1997 1:01:00 AM
From: nycnpbbkr   of 25960
 
LACK OF COMMENT HAS TO EQUAL LACK OF PROBLEM. This is the only thing that fits. Right before the Needham conference Cymer gets a call from Canon. They can't take delivery of a few lasers this quarter and ask to shift to next Q. Right at this moment this is a material fact that may change earnings but Cymer has "dealt with this in the past" so they leave the meeting to see if they can send these lasers to 1 of their 120 million dollar back log. They shift some lasers around and quote,"had resolved the issue ". CFO Angus said," NO cancellations of orders were involved" end quote!! They fix the problem and go to Saturday's meeting with nothing to say because the problem is gone. They just sent the lasers to another customer so it won't hit earnings! NO PROBLEM = NO COMMENT Angus says, "There's always some risk in changing any schedule" he hedges just in case the lasers go out the door past the 3 Q!
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