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Technology Stocks : Cymer (CYMI)

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To: Darryl Olson who wrote (9927)11/18/1997 5:55:00 AM
From: Jess Beltz  Read Replies (1) of 25960
 
No one who has suffered long in this stock through the last 10-12 weeks of living hell will argue with the statement that "What we need is an analyst upgrade, or the realization by a few institutions that this is a winner." There clearly are a lot of people out there who have a very high opinion of the potential of this stock. The questions now have mostly to do with (1) the market environment, which is currently one of extreme volatility, with a LOT of it on the downward side, and (2) some confusion on the part of analysts about the health of the semiconductor industry and the impact of a lot of DRAM dumping on the market. We have seen this stock start to head back to recovery 3-4 times now, to have it squashed by some completely external economic event, with further loss in value to the shares. This will make analysts gunshy until it stops for a while, perhaps until another solid earnings performance. Strong institutions with some guts may jump in quicker. I think the Asian scare has about played itself out.

jess
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