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Technology Stocks : Cymer (CYMI)

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To: Curlton Latts who wrote (17550)	5/18/1998 12:47:00 PM
From: Bryan Steffen	Read Replies (1) of 25960

The horses you describe are all the same, though. It contains all the same risk. If tomorrow JoeBlow Corporation develops a way to perform 50nm geometries that are just as efficient and reliable as Cymer's excimer lasers then all of your "horses" go away. What you are talking about are product extensions. Cymer needs to think of an additional product line that serves a different set of customers and solves a different problem. Your "horses" are just new and improved versions of the same product. Bry

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