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Technology Stocks : Cymer (CYMI)

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To: TideGlider who wrote (6524)10/25/1997 6:32:00 PM
From: Apple12  Read Replies (2) of 25960
 
I read that article as well I fell off my chair
when he started talking about lightbulbs. What an
%$#@@@@ he is. Sure seems like a good idea to be
better informed on the type of lightbulbs you short.
I also loved the Tiki Torch simulators, you described
are they available at Target yet or is that strictly
a Saks fifth Ave product.

Q: Is that a wrap?
A: I'm short one other little company, Cymer. Symbol CYMI. They make UV bulbs that go into semiconductor lithography equipment. The story was that they had a very sexy laser and no competition. But it turns out that they do have competition, and their customers are having some problems. Now this isn't a huge market to begin with, and Cymer already has made enough bulbs to supply it for quite some time. Their business is just going to stop. Yet at nine times revenues it has a $1 billion market valuation. In any other environment, the stock would be a teenager already. [It's around 28.] It's a great story. Even its investment bankers have dropped their recommendations.
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