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Technology Stocks : Cymer (CYMI)
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To: Elroy Jetson who wrote (13501)1/29/1998 9:09:00 PM
From: Jess Beltz  Read Replies (2) of 25960
 
I for one like the stock buyback. In light of the future short-term downturn, AND as long as there is no sacrifice in R&D, the money is well spent, meaning (1) the company IS putting its money where its mouth is with respect to the shares being undervalued, and (2) if the plan is carried out (and remember, they often aren't) it will mean higher EPS for those of us long the stock. I do not see much of a dip in price tomorrow. Any downturn in near-term business has already been (somewhat brutally in my opinion) discounted into the share price. The real question is, what's up at Nikon and Canon?

jess
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