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Technology Stocks : Cymer (CYMI)
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To: Curlton Latts who wrote (21909)4/29/1999 5:39:00 PM
From: S. Wallace Slough  Read Replies (2) of 25960
 
Morgan Stanley issued a report on CYMI dated 4/28; Maintained Strong Buy rating; Price target of $37 based on 28 P/E on unchanged year 2000 EPS of $1.25.
Summary:
Earnings of (0.08); beating First Call estimate of (0.12)
Bookings of $53M, up 67%; B to B 1.33 - 1
Unit shipment up 6%
Despite fears of market share loss in Japan, believes CYMI competitive position solid.
Maintaining EPS forecasts.
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