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Technology Stocks : Cymer (CYMI)
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To: FJB who wrote (16712)4/18/1998 1:35:00 PM
From: WWS  Read Replies (1) of 25960
 
Robert et al., Speculative craze over I'net stocks has now spread to chip makers in any way associated with I'net. Look at the frenzy last week over the ipo of Broadcom. On first day of trading the stock jumped to 2 1/2 Billion market cap (more than 3 x that of CYMI) on expected annual revenues of less than 100 million and expected earnings of just pennies per share. Such incredible speculative froth is a real warning signal, IMO, of a market top.
biz.yahoo.com
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