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Technology Stocks : Cymer (CYMI)

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To: Gemini who wrote (3614)9/26/1997 10:07:00 PM
From: LzzrdKing   of 25960
 
Here is what is wrong with CYMI:

1. It was an overvalued momentum stock that is coming back to earth
2. DUV has limited lifetime. CYMI was bid up due to the fact that DUV will be bought for a few more years. That is changing. Five other photolithogrphy methods are being explored by device mfr's.

DUV is not going to be around forever and investors should be cautious when they extrapolate the past growth rate of Cymer, as the device manufacturing community desperately wants to get past the use of DUV lithography and is accelerating development efforts on all fronts.

MSCO, the underwriter for CYMI, having issued the blow today by putting out hold rec, will keep the lid on this one for a long time.

If you don't believe what is written here, it is a summary from infrastructure.
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