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Technology Stocks : Cymer (CYMI)

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To: Tulvio Durand who wrote (10179)11/21/1997 6:49:00 AM
From: Mason Barge  Read Replies (4) of 25960
 
Canon equipment sales could be lower

For anyone who's paying attention:

<<Tokyo -- Canon Inc., which supplies chip makers with photolithography systems from its Semiconductor Equipment Division, today forecast a record $912 million net profit for the year ending Dec. 31 -- up 22% from the year ago period.

<<Sales for the year are predicted to hit $22 billion, up 8% from 1996. Canon officials said the weaker yen is boosting exports, which offsets slower sales in the domestic market.

<<Canon doesn't break out financial figures separately of its
semiconductor equipment operation. However, Canon Sales Co., the
subsidiary that markets equipment as well as cameras and copiers,
forecast slightly lower sales in 1997 than the previous year.
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