SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cymer (CYMI) NEWS ONLY!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Czechsinthemail who wrote (544)9/22/1998 1:46:00 PM
From: orkrious  Read Replies (1) of 582
 
Thanks to Pat Mudge for faxing me the new MSDW report on CYMI which follows.

Summary,
-We are maintaining our Outperform rating on CYMI shares, be we are lowering our stock price target to $16 from $22.

-Due to incremental weakness in global semiconductor capital spending, especially in Japan, we are lowering our forecast for Cymer.

-We are lowering our F1998 (December) EPS estimate from continuing operations to $.19 from $.24, and we are lowering our F1999 EPS estimate to $.30 from $.60.

-Following another two quarters of inventory correction, we expect Cymer to grow again sequentially in 2Q 1998 (SIC). Based on our expectation that momentum will build into 2000, our initial F2000 EPS estiate is $1.00

-Visibility for positive incremental information flow is essentially non-existent. However, we belive Cymer's potential revenue and earnings growth is compelling over the next few years as increasingly sophisticated lithography tools dominate chip production. Given the magnitude of our forecast cuts for both Cymer and the DUV photolithography market, we believe trough levels are near. Consequently, we believe CYMI shares offer an outstanding value and reward to risk profile over the next year or two.

Details:

-Cymer shares have taken a beating lately after falling through a key $14 support level about three weeks ago. The primary reasons for the decline are the following:

Incremental demand weakness, especially from Japan.

A shareholder lawsuit.

Cymer's recently announced restructuring.

Renewed concerns over competitive threats.

continued
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News