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

To: Backfill who wrote (24418)	3/8/2000 2:02:00 PM
From: Rustam Tahir	Read Replies (1) \| Respond to of 25960

More from MSDW. Keeps stock at an outperform by the way. During its presentation, Cymer increased its C2000 estimate for the deep-UV (DUV) photolithography system market to 600+ units from 550 previously. This should drive upside bookings, revenue, and EPS results for Cymer in F1Q00 (March) and beyond (ASML also benefits from this trend). In January, Cymer suggested its bookings could be flat in F1Q00 (March), but based on the above, it now looks like they will increase sequentially in F1Q00 and F2Q00, and probably in F3Q00 and F4Q00 as well. Based on the success of its 6000 Series 2KHz laser products for scanning photolithography systems (0.18-microns and below applications), Cymer's market share at Nikon is running ahead of plan year-to-date and looks like it will be above plan for the entire year. Faster-than-expected revenue growth in upcoming quarters should drive Cymer to its target operating margin objective (20%-22%+) in F3Q00. We are currently forecasting that as a F4Q00 event.