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Technology Stocks : Cymer (CYMI)
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To: NW Bronco Fan who wrote (14051)2/3/1998 9:58:00 PM
From: Candle stick  Read Replies (2) of 25960
 
CORRECTED - Cymer <CYMI.O> sees weak Q1

In Jan 29 item headlined "Cymer <CYMI.O> 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.
MORE
Rtr 17:15 02-03-98

CORRECTED - Cymer <CYMI.O> sees weak Q1 =1

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.
((Los Angeles Newsdesk 213-380-2014))
REUTERS
Rtr 17:17 02-03-98
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