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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Donald Wennerstrom who wrote (43382)	2/12/2009 11:50:05 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) of 95572

February 11, 2009, 5:38 pm Cymer Shrs Stumble On Weaker Q1 Forecast Posted by Eric Savitz Cymer (CYMI) shares have taken a tumble this afternoon following disappointing guidance for Q1. For Q4, Cymer posted revenue of $100.5 million and net income of 13 cents a share; the Street had been looking for $99.6 million and 15 cents. The company last month had forecast revenue of $100 million. However, for Q1, the producer of lasers used in chip manufacturing said it now sees revenue down 45% sequentially, plus or minus 5%. Previously, Cymer had forecast a sequential drop of 30%-35%. The new forecast suggests revenue of $55.2 million, well below the Street consensus of $70 million. The new outlook suggests revenue will be down 55% from a year ago.

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