Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: raymond marcotte who wrote (14542)	2/11/1998 12:23:00 PM
From: Curlton Latts	Read Replies (3) of 25960

CYMI has net ZERO debt and is in a net cash positive position with $183 million total liquid assets from $132 million of cash and another $51 million of liquid long-term investments. That $183 million offsets the $150 million convertible debt which is quasi-equity I might add (ie a nothing coupon and the convert feature is way extended against a stupid short hedge trade). The balance sheet is the Rock of Gibraltar. At the conference call Angus said "Additionally, I'd like to point on the balance sheet that at the year end, cash and cash equivalents in short-term investments totaled $132 million 290 thousand. We had long-term investments in addition to that of $51 million dollars. The desperate "caught with their pants down around their ankles" short that is spreading this spin misinformation is now sweating the buyback and this is the only thing they can come up with. All the other wrong rumors have been proven to be a catalyst for a major buying opportunity in a gangbuster earnings growth company. Good Luck To Each And All Curly ~~~~~~^^ [6.6] .....> [_]

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