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Technology Stocks : Cymer (CYMI) NEWS ONLY!

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To: ScotMcI who wrote (100)2/7/1998 10:27:00 AM
From: ScotMcI  Read Replies (1) of 582
 
Excerpt from article in today's Barrons. The article is discussing convertibles (you may have to be a subscriber to get at it)

interactive.wsj.com

Platek is also keen on Cymer, which makes excimer lasers used in deep ultraviolet steppers, semiconductor manufacturing tools required for cutting-edge chipmaking. He notes that Cymer has guided Street estimates 10%-15% lower for the first half of 1998, because of some order pushouts. But he expects conditions to improve in the second half of the year. His recommendation: buy Cymer's 3.5% convert due August 2004, now trading at about 80. The coupon on those bonds steps up to 7.25% starting August 2000; the yield to maturity for the issue stands at 9.8%.
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