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Technology Stocks : Cymer (CYMI)
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To: Elroy Jetson who wrote (9808)11/15/1997 8:09:00 PM
From: Zeev Hed  Read Replies (1) of 25960
 
Elroy, when we had our banking crisis (and not just the Saving and loans, hundreds of other banks were merged or closed), we took the write off and decreased the value of our book (and the taxpayer paid the difference). If you'll remember that is when our own mighty green back declined (and finally bottomed last year at 80 ye/$), that devaluation of our dollar together with the last 10 years of corporate restructuring is what gave our semicoductor another chance to play. And sure,, we went trough two wrenching periods for semi during those years.

Zeev
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