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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Nevin S. who wrote (22453)	7/9/1999 12:02:00 PM
From: Darryl Olson	Respond to of 25960

Friday July 9, 10:48 am Eastern Time RESEARCH ALERT-ING Barings starts Cymer CHICAGO, July 9 (Reuters) - ING Barings said Friday it initiated research coverage of Cymer Inc., a supplier of excimer laser illumination sources. -- ING Barings says in a report Cymer shares are trading at 23.1 times its 2000 earnings per share estimate of $1.09, on the low side of its historical price-earnings multiple. -- Estimates the company will earn $0.12 per share in 1999 compared with $0.09 a share in 1998. -- ''With our forecast of a rapid pickup in earnings, the stock is selling well below its projected short- and longer-term earnings growth rate,'' ING Barings analyst Peter Wolff said in the report. ''From that perspective as well, we believe there is a good probability that the stock will move up significantly from here.'' -- Shares of San Diego-based Cymer were up 1-2/16 at 26-5/16.