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

To: Jerome who wrote (23431)	10/31/1999 10:52:00 PM
From: FJB	Respond to of 25960

Stop those postings about Cymer having brilliant management. Everyone knows that brilliant people have the habit of shooting them selves in the leg. Which is why most of them are on crutches. No way. The list of brilliant people that have created massive wealth is too long. Bob

To: Jerome who wrote (23431)	11/1/1999 10:48:00 AM
From: George Coyne	Read Replies (1) \| Respond to of 25960

LOL!! Jerome, loved your post and your attitude. But what's left for us foot soldiers to do, ... jack up our CYMI % of portfolio past 50%?? Yikes. G. W.

To: Jerome who wrote (23431)	11/1/1999 10:55:00 AM
From: Darryl Olson	Read Replies (1) \| Respond to of 25960

OK Jerome, re: moving Cymer's stock price. I will do my part be re-issuing the "facts" as I noted in late August. Note - these have not been updated based on info from the CC - I could probably add a few more: 1) The Asian meltdown is over - activity is reviving. 2) PC sales in Japan and Asia are rebounding. 3) PC sales in the US continue to increase - they are almost at the point where they are like TV's - everyone will soon own more than one. 4) Geometries continue to shrink. It's pure economics and Moore's law. 5) The smaller chips are starting to be used in other applications, eg, communications equipment, game controllers, autos, etc. 6) The Asian meltdown put a hold on capital equipment spending. 7) Due to the increased demand for smaller chips and the lack of capital spending during the past couple of years there is a shortage of DUV steppers. 8) To compete in this market you need the latest technology. 9) To be a market leader you will need 300mm fabs - these have been announced and the ground is being broken. 10) To compete and/or be a leader, you will need the latest steppers. 11) The latest steppers have CYMI lasers (95% market share). 12) The competition has conceded the current market to CYMI. 13) In addition to receiving all of the orders for current market needs, CYMI is also starting to ramp-up their service revenues. 14) If anyone else wants to compete, they will have to invest significant $$$ into a support infrastructure. CYMI has done this over the past couple of years - they did not let the downturn deter them from their strategy. 15) CYMI timed the market brilliantly with their convertible debenture issue. They still have most of the proceeds in short-term investments while surviving the Asian meltdown. 16) They did not let the meltdown reduce their R&D. 17) While the competition claims they will succeed at smaller geometries, they claimed the same for the current technology and failed miserably. 18) CYMI has 65% of the expert engineers for their technology. 19) The industry expert engineers are not leaving CYMI because they do not perceive opportunities for success elsewhere. 20) As we move to smaller geometries, current CYMI lasers will be used for less critical layers. 21) The next generation, 157nm, is now being pushed out to 2005. 22) Sematech felt that Scalpel would lead the next generation but a calcium flouride solution has "come out of no where." Could this be CYMI R&D and 65% of the industry experts? 23) CYMI is flush with capital to fund their R&D. 24) CYMI has very competent management in addition to the engineers. 25) Due to increased demand and a lack of capital spending, there is a shortage of the latest steppers. 26) CYMI has the capacity to build 1000 lasers. 27) Suppliers are starting to scramble to play catch-up. 28) Suppliers will not risk an unproven provider. This is economic suicide. 29) Competitors do not have a worldwide support infrastructure. 30) Competitors do not have production-proven solutions. 31) We are on verge of a huge investment in upgraded technology. 32) CYMI is the only game in town (until 2005). 33) The future's so bright, I gotta wear shades!!!