a nyt follow-up...
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NEW YORK, Oct 26 (Reuters) - Cymer Inc, a maker of lasers
used in the semiconductor industry, expects sales to grow 40
percent in 1998, the New York Times reported Sunday.
The company said it has not yet experienced slowdowns in
orders, but that it has caught up with demand, so growth would
slow somewhat, according to the newspaper.
Cymer saw its stock slump this summer amid rumors its
lasers were not working well, but spokesmen for semiconductor
companies said the company's products are performing fine,
according to the newspaper.
The company's stock closed at 28-1/16 Friday, up 1-21/32.
REUTERS
Rtr 16:05 10-26-97>> |
