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

To: Ian@SI who wrote (23178)	10/5/1999 10:30:00 PM
From: Tsaen Wang	Read Replies (3) \| Respond to of 25960

Lambda Physik won Sematech order! electronicnews.com

To: Ian@SI who wrote (23178)	10/5/1999 10:40:00 PM
From: FJB	Read Replies (1) \| Respond to of 25960

Ian, Ever since CYMI went public, Yahoos have been falsely claiming that everyone from Sylvania to Safeway to Komatsu was taking market share from CYMI. So far, for all practical purposes, CYMI has 100% share. This is not true. Komatsu is being installed at Japanese end-users. I can recall Cymer stating as much in the last couple of conference calls. I don't believe anyone is investing in Cymer strictly on their market share. Being long is more of a bet on them retaining a very good share(70% to 80%) of a growing, and for Cymer, profitable market. Bob

To: Ian@SI who wrote (23178)	10/5/1999 10:44:00 PM
From: cluka	Respond to of 25960

Ian, FWIW from ML NEWS DUV Laser — Komatsu Taking Share Richard Kaye, ML Tokyo Komatsu's domestic market share has grown from 7% in Q1 98 to 66% Q1 99. Toshiba (6502) uses Komatsu as its first vendor, and recently bought the 2kHz laser, for a 204nm Nikon Scanner. Komatsu has shipped three units to Taiwan, one to Samsung, and expects to make its first shipment to ASML next summer. Komatsu's prices are in line with Cymer's at JPY40-50m ($370-470k). Komatsu expects next generation 193nm ArF (argon fluoride) lasers to be relatively slow to penetrate the market because of their high relative maintenance (3x) and capital cost (1.5x) compared to today's 248nm KrF (krytpon fluoride) lasers. Ushio has delayed its entry to the DUV laser market for some time — we are unlikely to see them before ArF arrives. Tom Diffely/Mark FitzGerald ML San Francisco spoke to market leader Cymer, who agree with Komatsu's estimate of 15% ArF penetration by 2002. ML comment: For ASML the entrance of Komatsu does not appear to have caused any price erosion for this key component. ASML's main DUV product sells for EUR7.5m ($7.9m) so the laser represents about 6% of the selling price. We suspect that any future price declines would be passed on to the customer. Lambda Physik, the German based subsidiary of Coherent Inc, is also entering the DUV laser market — it has a unit installed with an ASML machine at Micron, and is having its ArF unit assessed by Sematech. We expect this company to hit the market with the transition to 193nm. When we visited Lambda they were confident that their design had significantly lower maintenance costs than competitive offerings.