*** CORRECTION *** Is this Correction correct??
This stock is gonna fly if its true!
Rex
(another xx000, sorry EAFIII, your timing is always terrible)
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CORRECTED - Cymer (NASDAQ:CYMI) sees weak Q1
Tuesday, February 03, 1998 at 17:18
In Jan 29 item headlined "Cymer (NASDAQ:CYMI) sees weak Q1 earnings" please read first paragraph as "Cymer Inc said Thursday it expects earnings per share for its first quarter to be 10 to 15 percent lower ..." instead of "between $0.10 and $0.15 lower than fourth quarter levels ..."
A corrected repetition follows.
SAN DIEGO, Jan 29 (Reuters) - Cymer Inc said Thursday it expects earnings per share for its first quarter to be between 10 percent and 15 percent lower (not $0.10 and $0.15 lower) than fourth quarter levels of $0.24 per diluted share.
The company said in a statement the current Asian economic crisis coupled with the ongoing DRAM supply/demand imbalance, is expected to reduce first quarter revenues by 10 to 15 percent from fourth quarter levels of $59 million. Cymer also said it plans to increase research and development investments in the coming year and expand its global service and support network.
Earlier Cymer reported fourth quarter net income of $7.2 million, or $0.24 per diluted share, on revenues of $59 million compared to net income of $3.5 million, or $0.12 per diluted share, on revenues of $27.6 million in the year-ago quarter. Cymer supplies excimer laser illumination sources for deep ultraviolet photolithography. |
