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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SpecialK who wrote (63)	10/31/2000 5:11:03 AM
From: SpecialK	Respond to of 95743

Wrong assumption on the OI and tax increase. I calculated the numbers and estimate for next year are 3.13 to 3.23 based on 35-40%. It also means 500M in revenue. For a $22 1/2 stock, at 600M market cap. When sentiment towards semis turn, >>>>>>to the moon.

To: SpecialK who wrote (63)	10/31/2000 1:52:17 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95743

Your analysis was much deeper than mine when I made my comment about rising earnings. In fact, I really didn't do any analysis at all except to project the gains forward based on this quarter's performance. The First Call estimate for the quarter was 0.52 - CYMI did 0.58, a "surprise" of 12 percent. The earnings release and conference call mentioned increasing margins in the next year due to rising revenues of 35 to 40 percent. Since the previous estimate was 3.02 for next year, and CYMI is presently beating estimates, I made the remark about possible "upward earnings revisions" for next year. It will be interesting to see what the analysts do in the next couple of weeks. Bob Akins, CEO of Cymer was on CNNfn this morning and restated the 35 to 40 percent growth number for next year. ABN AMRO reiterated their "buy" rating on CYMI this morning with a price target of $60. At least we didn't get any downgrades yet this morning.<gg>