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Technology Stocks : Cymer (CYMI)
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To: David Fleming who wrote (16334)4/5/1998 1:51:00 AM
From: Apple12  Read Replies (1) of 25960
 
"Last quarter they told analysts to expect a 10 to 15 cent decline in eps for this quarter and most analysts adjusted their estimates for worst case (the consensus is 9 cents I think). I suspect that they (Cymer management) exaggerated things a bit and knew full well that earnings would be no where near this bad. So, knowing that they are going to blow estimates away, they begin buying back stock - lots of it - to build momentum"

Not far fetched, I said this when they first announced. You are right on!
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