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

To: FJB who wrote (25194)	10/15/2000 1:02:57 PM
From: Edward A. Fitzpatrick III	Read Replies (1) \| Respond to of 25960

Robert: I don't think anyone wants them to pimp their stock or screw their customers, but I do think they could do a better job of defending tyheir stock, telling their story and watching out for their shareholders as well. These exponential dives in stock price do nothing to form a solid shareholder base that isn't just hot tech money. I for one am sick of the BS around this stock. I think they should do better job for my interests or sell the company to Morgan at AMAT, who will. JMHO.

To: FJB who wrote (25194)	10/16/2000 1:22:26 PM
From: Rustam Tahir	Respond to of 25960

You're only pimp if you have a whore for a stock, otherwise you're just trying to get your story out. There are millions of investments people can make. There are millions of investors who have never heard of CYMI. You not only have to reach them, you have to convince them that they will make money buying CYMI, otherwise, why invest? I don't think CYMI has been aggressive enough in either of those aspects. For instance, get on the tube more. Power Lunch was just in San Diego. Was CYMI there? I don't think so. Do we see management over any of the internet outlets right after earnings come out? Can't remember an instance. Do we see magazine articles to follow up earnings? Like last quarter's, for instance, that gave such a rosy forecast of revs and earnings? No, we see press releases on Symposiums, guys getting named to the board, memorial parks. (By the way, I am not advocating artificially inflating anything. That I believe is the absolute worst thing company can do. Just sell the story better.) Yes, I want management to see in the future. That's their number one job. Managements that screw up, lose. Take a look at the two articles on Lucent today. They decided OC-192 was not the way to go. Now Nortel has crushed them. They decided not buy Juniper for one billion dollars now that company has a market cap of over 70 billion and is stealing share from Cisco. Granted CYMI's miscalculations of the future are not anything as egregious as that, and generally more forgivable since I continue holding some shares, but they made some decisions that have haunted this company for a good long while. And I think their refusal to entertain other uses for DUV lasers is a mistake for future growth and stability. Finally, screwing customers. No, never screw a customer. Just don't get screwed by them either. I can understand, to some extent, what they did with Canon and Nikon given their long term fears of Japanese predilections; but I think CYMI paid too heavily for those companies screw-ups. I think they should have realized the game both companies were playing as they continued ordering lasers while have trouble putting them out the door. I think they should have said something, like, "Are you sure you want more lasers? Well, then, if you decide in the future that you are ordering too much and that you have to push out, I'm afraid we'll have to charge you a fee. And if we have to obsolete these lasers you've pushed out, then we might have to charge another fee." There's no reason why CYMI couldn't have been more protective of its short term risk without losing the long term interest of Japanese good will. After all it is business. When I sometimes buy goods and services, I might have to pay cancellation fees. I might have to pay a premium. I might have to agree on certain stipulations. If it's done in good faith, I don't mind. That won't influence any future decisions. One more thing about stock price. I'm not talking normal cyclicality as CYMI has performed worse than the sector over the last three years. It should have performed better, given its advantages to the other companies. Nobody else has to buy the other products, whereas, for all intents and purposes they have to buy CYMI's if they want DUV.