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

To: ScotMcI who wrote (24703)	4/19/2000 2:01:00 PM
From: Ginko	Respond to of 25960

biz.yahoo.com Wednesday April 19, 1:20 pm Eastern Time Company Press Release SOURCE: Cymer, Inc. Cymer Announces Purchase of Minority Shareholder's Interest in Taiwanese Subsidiary SAN DIEGO, April 19 /PRNewswire/ -- Cymer, Inc. (Nasdaq: CYMI - news), the world's leading supplier of excimer laser illumination sources essential for deep ultraviolet (DUV) photolithography, today announced that the company has purchased the 25 percent interest of the minority shareholder in Cymer Southeast Asia, Ltd., the company's Southeast Asian subsidiary, located in Taiwan. The dollar value of the transaction was not disclosed. Cymer Southeast Asia, Ltd., was incorporated in July 1997 with Cymer as the majority shareholder and Hermes-Epitek Company and its Principal, Jack Tsai, as the minority shareholder. Since that time, Cymer's presence throughout the region has expanded, and the company has put in place a substantial sales and service infrastructure. Cymer's purchase of the minority shareholder's interest closed and became effective on April 1, 2000. Robert Akins, Cymer's president and chief executive officer, commented, ``Our business partnership with Hermes-Epitek and Jack Tsai has been mutually beneficial, and we want to say thank you to Mr. Tsai and his company for introducing Cymer to the Taiwanese market place, and helping us establish our business there. As of March 31, 2000, there were 168 Cymer lightsources installed in semiconductor fabs in Taiwan, versus seven when our relationship with Hermes-Epitek began. It has been a pleasure working with a business partner of the caliber of Mr. Tsai, and we wish him great success in all his future endeavors.' Pascal Didier, Cymer's senior vice president of worldwide customer operations, said, ``Our purchase of our partner's stake in Cymer Southeast Asia, Ltd. is a reflection of the maturing of our company's global business capabilities. We want to extend our ability to reach out to our customers and enhance, in any way possible, the seven-day-a-week, 24 hour-a-day service we already provide. The growth in Taiwanese foundries and in the industry as a whole should have a positive impact on Cymer's results over time.' Statements in this press release regarding growth and the positive impact on the company's results are forward looking statements, based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: delays or cancellations by customers of their orders; the timing of customer orders, shipments and acceptances; inability by the company to meet its production schedules; failure by the company to manage its expense levels and unanticipated expenses; the rate at which semiconductor manufacturers take delivery of photolithography tools from the Company's customers; the demand for semiconductors in general, and, in particular, for leading-edge devices with smaller geometries; and new and enhanced product offerings by competitors. For other factors which may cause actual results to differ from those projected, please refer to the company's Form 10-K, Forms 10-Q and other filings with the Securities and Exchange Commission. Cymer, Inc. is the world's leading supplier of excimer laser illumination sources, the essential light source for deep ultraviolet (DUV) photolithography systems. DUV lithography is a key enabling technology, which has allowed the semiconductor industry to meet the exact specifications and manufacturing requirements for volume production of today's advanced semiconductor chips. Further information on Cymer may be obtained from the company's SEC filings, the Internet at cymer.com or by contacting the company directly. SOURCE: Cymer, Inc.

To: ScotMcI who wrote (24703)	4/19/2000 2:02:00 PM
From: BillyG	Read Replies (1) \| Respond to of 25960

Cymer Announces Purchase of Minority Shareholder's Interest in Taiwanese Subsidiary biz.yahoo.com SAN DIEGO, April 19 /PRNewswire/ -- Cymer, Inc. (Nasdaq: CYMI - news), the world's leading supplier of excimer laser illumination sources essential for deep ultraviolet (DUV) photolithography, today announced that the company has purchased the 25 percent interest of the minority shareholder in Cymer Southeast Asia, Ltd., the company's Southeast Asian subsidiary, located in Taiwan. The dollar value of the transaction was not disclosed. Cymer Southeast Asia, Ltd., was incorporated in July 1997 with Cymer as the majority shareholder and Hermes-Epitek Company and its Principal, Jack Tsai, as the minority shareholder. Since that time, Cymer's presence throughout the region has expanded, and the company has put in place a substantial sales and service infrastructure. Cymer's purchase of the minority shareholder's interest closed and became effective on April 1, 2000. Robert Akins, Cymer's president and chief executive officer, commented, ``Our business partnership with Hermes-Epitek and Jack Tsai has been mutually beneficial, and we want to say thank you to Mr. Tsai and his company for introducing Cymer to the Taiwanese market place, and helping us establish our business there. As of March 31, 2000, there were 168 Cymer lightsources installed in semiconductor fabs in Taiwan, versus seven when our relationship with Hermes-Epitek began. It has been a pleasure working with a business partner of the caliber of Mr. Tsai, and we wish him great success in all his future endeavors.' Pascal Didier, Cymer's senior vice president of worldwide customer operations, said, ``Our purchase of our partner's stake in Cymer Southeast Asia, Ltd. is a reflection of the maturing of our company's global business capabilities. We want to extend our ability to reach out to our customers and enhance, in any way possible, the seven-day-a-week, 24 hour-a-day service we already provide. The growth in Taiwanese foundries and in the industry as a whole should have a positive impact on Cymer's results over time.' Statements in this press release regarding growth and the positive impact on the company's results are forward looking statements, based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: delays or cancellations by customers of their orders; the timing of customer orders, shipments and acceptances; inability by the company to meet its production schedules; failure by the company to manage its expense levels and unanticipated expenses; the rate at which semiconductor manufacturers take delivery of photolithography tools from the Company's customers; the demand for semiconductors in general, and, in particular, for leading-edge devices with smaller geometries; and new and enhanced product offerings by competitors. For other factors which may cause actual results to differ from those projected, please refer to the company's Form 10-K, Forms 10-Q and other filings with the Securities and Exchange Commission. Cymer, Inc. is the world's leading supplier of excimer laser illumination sources, the essential light source for deep ultraviolet (DUV) photolithography systems. DUV lithography is a key enabling technology, which has allowed the semiconductor industry to meet the exact specifications and manufacturing requirements for volume production of today's advanced semiconductor chips. Further information on Cymer may be obtained from the company's SEC filings, the Internet at cymer.com or by contacting the company directly.

To: ScotMcI who wrote (24703)	4/19/2000 2:54:00 PM
From: Berk	Read Replies (1) \| Respond to of 25960

Interesting post Scot. I have approached the valuation issue in another way: divide CYMI by the price of AMAT. What is interesting is that on a relative basis since October 1998 CYMI has underperformed AMAT (as of last Friday). Granted that AMAT is the gorilla but CYMI has almost monopoly status in its niche and you would think that as we enter the "sweet spot" in the expansion cycle for CYMER's products it would be at a premium.It is also interesting to note that CYMI is not alone with other semi equipment stocks (PRIA, VECO, etc) having as bad or worse performance but not nearly the franchise of CYMI. Food for thought.