Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: W. Clinton Terry who wrote (10931)	12/3/1997 8:09:00 PM
From: Rodney Lockhart	Read Replies (1) of 25960

Clinton, Float = Outstanding Shares - Restricted Shares Restricted shares are shares that currently can't be sold. 11.0 million shares (split adjusted) have been offered to the public since the Company went public in Sept 96. At the initial IPO the following number of shares were restricted (adjusted for split): 0.2 million for 120 days 12.9 million for 180 days 3.5 million up to two years. There were various stock options for a total of 6 million shares (split adjisted) at the time of the IPO. Sales of any stock related to these options were restricted for 180 days following the IPO. I show 28.6million shares outstanding at 9/30/97. Note: It doesn't look like too many to the stock options have been exercised. These options are cheap and will be exercised. This will dilute earnings. It looks like the only "lot" still restricted is the 3.5 million shares shown above. That puts the float at 25.1 Million which is more or less in agreement with the 24.9 million per Yahoo. For more information: Message 2847697 Good trading, Rod

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