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Technology Stocks : Cymer (CYMI)

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To: Christopher Gates who wrote (12506)1/12/1998 2:49:00 AM
From: Joseph  Read Replies (4) of 25960
 
Can anyone summarize for the uninformed the reasons why CYMI is down to 15 from its peak of 50 with almost no real negative news on earnings? I have not seen one earnings disappointment so far: only consecutive earnings surprises. I have not seen one bearish forecast from the CEO so far: only reaffirmations of how high a backlog they have. Yet, the analysts consensus rating on this stock, from Zacks, are way in the negative, with an average of 2.3. What is wrong with the company? Could somebody attempt an explanation please?

Joseph
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