Mark-With all due respect, I believe you are not viewing Cymer long term.....
I believe what Jay is inferring, is that as Merrill states, 98% market share with a forecast of 8.3B for the market projected for 2002,that
it is not out of the realm of possibility that we MAY see $8 per share earnings within the next 5 years.
IF this falls into place, with a growth ratio of even 25%, Cymers' PEG ratio would = a stock price of $200 p/Share. A 50% growth rate would equal $400 p/share (PE of 50). That may be unrealistic, but it has happened before.
I firmly believe that if we can maintain market dominance (80%+ market share) and DUV life is 15+ years, as has been stated minimally, we can get there.
my questions to any/all are; What type of earnings can we expect if revenues were 80% of 8.3B or 2002 revenues were 6.44B
Does the 8.3B market projections for DUV take into account the value of servicing the lasers?
Thanks,
Craig |
