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Technology Stocks : Earnings: Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (23)	7/25/2001 6:32:11 PM
From: 2MAR$	Read Replies (1) \| Respond to of 266

CYMI ($23-$24)second-quarter earnings fall 67 pct SAN DIEGO, July 24 (Reuters) - Cymer Inc.(NasdaqNM:CYMI - news), a supplier of excimer light sources used in making semiconductors, said on Tuesday its second-quarter income fell about 67 percent, but the company did not lose money as analysts had expected amid slowing demand growth in a cooling U.S. economy. San Diego-based Cymer said second-quarter net income dropped to $4.8 million, or 15 cents per share, from $15 million, or 50 cents per share, a year earlier. Total revenue for the second quarter fell about 19 percent to $70 million from $86 million, in the year-ago period, it said in a statement. Six Wall Street analysts surveyed by research firm Thomson Financial/First Call had forecast Cymer would report results in the range of a loss of 3 cents per share to a gain of 2 cents per share, with a consensus loss of 1 cent per share. Cymer said it expects a further decline in unit shipments and additional reductions in consumable sales from second quarter levels for the third quarter. It estimated total revenue in the third quarter will decline by between 20 percent and 25 percent from the second quarter 2001 level, but could potentially decline by as much as 25 percent to 30 percent. Shares of Cymer rose 8 cents to $23.29 on Nasdaq Tuesday, well off its 52-week high of $52.00.