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

To: Curlton Latts who wrote (23087)	9/22/1999 8:34:00 AM
From: orkrious	Read Replies (1) \| Respond to of 25960

Well, it's started. MSDW the other day. Now Furman Selz raises next year's estimates to $1.22. companysleuth.com We're on our way to $2 next year. One of these days CYMI's going to take off. Jay

To: Curlton Latts who wrote (23087)	9/22/1999 8:19:00 PM
From: DTselentis	Read Replies (1) \| Respond to of 25960

I hope we get the multiple expansion that your talking about. My concerns are regardless of the anticipated rate of growth of Cymi there will always be fear about the semi up cycle taking a quick turn south. As the semi cycle hopefully becomes stronger with CYMI earnings estimates going to 1.50--2.00 next yr with the anticipation of more to come in 2001 maybe well get a higher multiple. As of yet I see no evidence of that as it appears all semis are roughly trading at a market multiple 26-30x fwd earnings. I keep hearing that for semi equip due to their cyclicality 30x peak earnings is the best we can do--- I would like to hear what you think earnings will be next yr. As of now I havent seen any analysts atating 1.30 let alone 2.00. i hope that changes toward the end of the yr.