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Technology Stocks : Cymer (CYMI)
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To: John Fedak who wrote (13470)1/29/1998 7:15:00 PM
From: Bryan Steffen  Read Replies (3) of 25960
 
To all:

I've got one comment about the stock repurchase that people have failed to notice. Apparently the $50 million in stock repurchases are going to used for employee stock option plans. That means within a 6 - 12 month time frame the effect of this anouncement is nothing. They will have SPENT this money for employee compensation/benefits. Sure it will produce some short term price stability or boost, but I bet that 12 months from now, that you have the same or more shares outstanding than you do today.

Bry

P.S. Does anybody remember what the Backlog was at the end of the 3rd Qtr? Thanks in advance.
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