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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (42555)	7/20/2005 4:10:07 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69974

16:42 CYMI Cymer beats by $0.11 ex items (29.25 +0.41) Reports Q2 (Jun) earnings of $0.24 per share, excluding non-recurring items, $0.11 better than the Reuters Estimates consensus of $0.13; revenues rose 1.6% year/year to $96.4 mln vs the $88 mln consensus. "Specific to Cymer, while the second quarter pickup in our light source utilization rates is encouraging, until overall fab utilization increases from its current level in the high 80 percent range and is sustained at levels well above 90 percent we would expect business to remain at or near its current levels" Commenting on Q3 guidance, co says expects that gross margin should be 38%-40%. [Harry: The fact that utilization is not going to change is not good news for chip companies and chip fabs. Add in INTC essentially flat demand guidance and you don't have much to make the general market move up.]