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Pastimes : CNBC -- critique.

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To: V. who wrote (639)1/30/1998 1:17:00 PM
From: Peter Speyer  Read Replies (1) of 17683
 
CNBC reports misleading information on Cymer (CYMI) earnings. I will be emailing them as well, but thought Candle stick's note summed it up best. They have a few hours to correct themselves; we'll see if they do.

207.183.153.206

Subject: Cymer (CYMI)
To: John R Resseger (13647)
From: Candle stick Friday, Jan 30 1998 12:41PM EST
Reply #13651 of 13659

I just sent email to CNBC at info@cnbc.com I suggest everyone here do the same....maybe by the end of the day they can report something positive and CORRECT for once. Below is a copy of the email I sent. Feel free to copy it. The more email they get the more likely they will comment.
-------

This is getting ridiculous. What kind of agenda are you following? Now
you report that CYMI is up 1 point AFTER a DOWNGRADE by DLJ. What about the UPGRADE by MORGAN STANLEY? You did not report THAT! What about the announced 50 million dollar share buyback...thats 15% of the outstanding stock!

First you get it wrong before the open, and report that the stock will
gap down 2 points on bad earnings, when IN FACT the earnings BEAT the
street by 2 cents and the stock gapped UP 2 points at the open.

Now you chose to focus on a downgrade by DLG, when the SUPERIOR
investment bank, MORGAN STANLY has upgraded CYMI to OUTPERFORM. Are you paid by the shorts or is your reporting just poorly researched? Either way it does not reflect well on you. Please! Make a correction on today's show! Thank you.

A concerned shareholder.

~~~~~~~~~~~~~~~~~~~~~~~~~~~

Thought I would post this one to you, Vic, since I see no known CYMI shareholders on this thread, and it gives me a chance to respond to one of my favorite posts. Thanks for the strong buy recommendation of my stock. ;>)


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