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Technology Stocks : Cymer (CYMI)

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To: Pierre who wrote (13449)1/29/1998 6:08:00 PM
From: C E D  Read Replies (1) of 25960
 
To any:

Ah puke! This is just plain bad news, we needed good earnings and a positive forward view. 1st qtr98 at $.09 to $.14 just won't get the job done, and an stock buyback authorization is not necessarily a stock buyback, as a friend pointed out, these companies do this and either it is hardly noticed over a period of time or they never buy the stock back. Most of the CEO's money is in the price of the stock, so I guess he and they are feeling the pain as well. I am long on this stock but not because I want to be anymore. As I said before this is the Rodney Dangerfield of tech stocks. I can still see this stock at $30 in '98 but not before we see $13 and maybe even $12. Bummer!

Regards,
Ed
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