Etec Systems moving up Message Board

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Technology Stocks : Etec Systems moving up

ETEC 0.150

0.0%

Sep 8 5:00 PM EST

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To: jeffbas who wrote (948)	5/29/1998 5:04:00 PM
From: Eric Jorgenson	Read Replies (1) of 1279

Jeff--I agree with you, and others appear to be waiting as well. I find Cymer's (another firm poised to benefit from the migration to 0.25 micron line widths and below) strength today interesting in light of Etec's weakness. Cymer's earnings estimates for this year were cut back some months ago. Despite this, Cymer's forward p/e is still above 50, far above Etec's even if Etec misses current estimates by significant amount. Although Cymer's long term projected growth rate is higher than ETEC's--40% rather than 30%--this is still not enough to explain the magnitude of the weakness, and it may suggest we'll see more.

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