SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cymer (CYMI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Maxwell who wrote (3070)9/24/1997 2:05:00 AM
From: Patient Engineer   of 25960
 
Maxwell,
I agree with your read on CYMI. My biggest concern is that a player with 90% of the market can only grow with the market and runs the risk of losing share and thereby grow slower than the market (when your on top of the hill the only direction is down). The semi equipment business is highly cyclical, so CYMI will never show the stability of an INTC or MS (some having drawn these comparisons).

I've heard that Komatsu's competing laser is larger, this implies that they have to go through an entire design cycle to be as space efficient as CYMI. That seems to take them out of the game for a year or two. Does anyone know anything about Lambda Physics? Coherent practically invented commercial lasers back in the 60s and I have a lot of respect for their patience and knowledge. Anyone guess how long before they become a threat to take away one of Cymer's 4 customers? The xray stuff seems like GaAs and artificial intelligence - great thesis material, but nowhere near being ready for prime time.

I agree with your take on the options. Unbelieveable premiums. You just have to be willing to live with the fact that if/when Cymer loses one of their 4 customers, the stock will collapse because it will mean CYMI will necessarily grow slower than the industry as a whole. That will knock the PE down by half and you'll see another 40% decline as we've seen recently. Until then, the stock can fly. Interesting scenario. Pretty unique.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News