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Technology Stocks : Cymer (CYMI)

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To: FJB who wrote (20903)2/1/1999 5:22:00 PM
From: Curlton Latts  Read Replies (3) of 25960
 
They wrote-off a one-time $5.8 million and still beat #s by 3 cents!! I believe they were looking to expense everything and the kitchen sink here and still couldn't find enough to not beat their numbers. Without the elected inventory writedown they would have been close to a breakeven bottom line! All possibility of any drag from obsolete inventory is now gone from the expense base. Going forward they sound more than confident with planned ramped up expense spending on customer and competitive initiatives. All in --- I'll take it.

Next. Analyst upgrades.

Good Luck to Each and All

Curly

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