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Technology Stocks : Cymer (CYMI)

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To: Dina Kurktchi who wrote (19938)10/21/1998 9:16:00 PM
From: Gemini  Read Replies (1) of 25960
 
Dina,

Cymer and the rest of the chip equipment industry have been
beaten up long enough. After dram prices have fallen to their
lowest levels over the past three years, there are several
analysts who are becoming more bullish about the chip industry
in general. There are two principal keys as I see it -- Japan
and Intel. Japan it appears is actually doing something about
its economic crisis and, consequently, its stock market has been
showing very strong gains over the past two weeks. Intel has
made several optimistic comments recently about its outlook going forward and as Intel goes so goes the industry. Corporate earning reports in general have been better than expected. Further
interest rate cuts, particularly the Fed's discount rate,
are expected by year's end. And, of course, inflation remains
very low. Last but not least, we've already experienced the
bottom of the bear market and many feel we'll be looking at new
highs in the Dow by this time next year.

Allan

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