To: ScotMcI who wrote (25612 ) 12/11/2001 8:04:07 PM From: Proud_Infidel Respond to of 25960 Cymer Expects Fourth-Quarter Results to Be in Line With Most Recent Guidance SAN DIEGO, Dec. 11 /PRNewswire/ -- Cymer, Inc. (Nasdaq: CYMI - news), the world's leading supplier of excimer light sources used in semiconductor manufacturing, today announced that it expects fourth-quarter 2001 operating results to be in line with the guidance provided in the press release the company issued on October 23, 2001. Specifically, Cymer expects that fourth-quarter revenue will be flat compared to revenue posted in the third quarter of 2001, and that gross margin and expenses will be within the ranges provided in the company's October 23 press release. Bob Akins, Cymer's chairman and chief executive officer, noted, ``As of today's date, the fourth quarter has developed according to our expectations. Driven by a number of previous design wins with our argon fluoride (ArF) systems, we expect revenue for the quarter will remain at approximately the same level as the third quarter. This is a welcome reprieve from the sequential decreases in quarterly revenue we experienced beginning in the first quarter of this year. At this point, however, we have seen no indication that business is likely to return to growth soon. We remain cautious about the near-term outlook, and cannot rule out further revenue erosion depending on the length of the current business downturn.'' ``Visibility remains very limited, and because we believe that short-term indicators for our market are mixed, the short-term future remains unpredictable,'' Akins continued. ``We will report results for the fourth quarter of 2001, and provide guidance for the first quarter of 2002, in our earnings release and conference call on February 5, 2002.'' Forward Looking Statements Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements include, but are not limited to, references to expected operating results for the fourth quarter of 2001; there being no indications that business is likely to return to growth soon; the possibility of further revenue erosion; and the short-term future remaining unpredictable. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in such statements due to various factors, including but not limited to: the demand for semiconductors in general, and, in particular, for leading-edge devices with smaller geometries; the rate at which semiconductor manufacturers take delivery of photolithography tools from the company's customers; delays or cancellations by customers of their orders; new and enhanced product offerings by competitors; the timing of customer orders, shipments and acceptances; the ability of the company to meet its production and/or product development schedules; the ability of the company to secure adequate supplies of critical components for its advanced products; and the ability of by the company to manage its expense levels and unanticipated expenses. For a discussion of these and other factors which may cause our actual events or results to differ from those projected, please refer to the company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. NOTE: 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.