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Technology Stocks : Cymer (CYMI)
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To: Zeev Hed who wrote (18714)7/25/1998 6:18:00 PM
From: Elroy Jetson  Read Replies (1) of 25960
 
That seems reasonable that the market will discount the probable earnings of the year 2000.

In the new issue of PC Week the editor mentions in passing that supply/demand equilibrium for memory chips is expected to be achieved mid 2000. Probably a good forecast but still surprising to see in print that memory prices (and profits) won't firm up for another 2 years! Of course Cymer sell into other markets, but no industry sucks up these photo-litho machines like memory makers.
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