Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: MtnMan who wrote (18281)	6/26/1998 1:16:00 PM
From: stockman_scott	Read Replies (1) of 25960

DLJ insights cont... Market Update Who said the market isn't rational? The day after Lam Research announced a major layoff and restructuring charge, it was one of the few equipment company stocks up on the day, most others were down. Makes sense to me. The equipment stocks seem to have been pulled up by a strong tech tape early in the week and we appear to be reaching a point that we saw several weeks ago where incremental negative news seems to have no negative impact which seems to indicate that we are somewhat washed out for the moment. In any event we are a few percent off absolute bottom but the odds of moving back down are still good. ***I don't quite agree with that last sentence. I really feel that Cymer's sector is oversold. The bad news from Asia and the projected order pushbacks are already in the current price. Cymer still has great fundamentals and a tremendous strategic position in the chip market. If only some day it would start performing like my DELL, MSFT, or CMGI!!! Sometimes it helps to keep dreaming. Have a great weekend everyone. -Scott

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