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Technology Stocks : Cymer (CYMI)

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To: C E D who wrote (6653)10/26/1997 3:00:00 PM
From: D.J.Smyth  Read Replies (2) of 25960
 
The New York Times article stated CYMI trades at 34 times 98 estimated earnings. This is incorrect. It actually trades closer to 24 times 98 earnings, and these earnings are for $1.04 to $1.10 a share based on CYMI selling only 400 lasers. CYMI has stated that demand could reach at least 700 next year. We know that they will more likely sell at least 600 based on VLSI research, which would make CYMI earnings closer to $1.50 to $1.70 next year if achieved.
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