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Technology Stocks : Cymer (CYMI)

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To: Doug Skrypek who wrote (11084)12/6/1997 12:28:00 AM
From: Curlton Latts  Read Replies (1) of 25960
 
Nikon prefers CYMI and says so:

"Nikon is concerned by the recent reports and disputes the suggestion that Cymer's product or performance is limiting our DUV stepper and scanner ramp up." said Teruo Shimamura, managing director of Nikon's IC and LCD Equipment Business Headquarters. "There are no technical problems in Cymer's lasers that are keeping Nikon from shipping DUV steppers. Our lithography tools using Cymer excimer lasers have been successfully installed in many chip maker production lines and are in use for the production in advanced integrated circuits."

Nikon's sole source for commercial DUV steppers and scanners is CYMI.

Other important points in Donaldson, Lufkin Jenrette's BUY recommendation on CYMI:

1. CYMI's leadership position is attributed to its superior technological development.

2. CYMI is the only volume supplier of excimer laser systems for use in DUV photolithography applications. As the industry moves to even shorter wavelengths such as EUV CYMI will produce the lasers for that as well.

3. The DUV market is one of the fastest growing segments in the industry; it is the "bottleneck" technology for chips and CYMI is the only real source of lasers for these steppers.

With explosive earnings growth and a short interest in excess of 40+% (one of the highest of all stocks) of a thin float stock, CYMI represents a fabulous upside investment opportunity. Fair value for the stock is $65 right now assuming a conservative $1.30 in EPS this coming year.

Good Luck To Each And All

Curly
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