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

To: jim shiau who wrote (6014)	10/23/1997 4:59:00 PM
From: peter ng	Respond to of 25960

may be due to different tax rate. pete

To: jim shiau who wrote (6014)	10/23/1997 5:01:00 PM
From: Steven Angelil	Respond to of 25960

Wasn't there a comment about updating the facilities to handle more production? Also, remember the LOW analyst number for next year is $1.00. With today's close of say 26 1/2, the stock is trading at 26.5 times the lowest EPS estimate for 98. Are they kidding me?? Steve look for EPS upgrades over the next 6 months, not downward revisions, IMO.

To: jim shiau who wrote (6014)	10/23/1997 5:11:00 PM
From: ken Su	Read Replies (1) \| Respond to of 25960

Jim and all: Tha tax rate for last q is 15% and this q is 25%. If it is 15% like last time, Cymer will make 26cents instead of 23 cents. Also, they suffered foreign currency loss more this q than any previous ones. All the euipment companies can only forsee 6 monthes from now. Cymer has tremedous baclog up to Sep. 30 is 116.3M and plus up to today backlog, they forsee strong qrowth ahead. Ken

To: jim shiau who wrote (6014)	10/23/1997 11:46:00 PM
From: mike gates	Respond to of 25960

The tax rate rose from Q2 to Q3. Gross margins shark from 38% to 36%. This is due to: - New Factory = one time charge (costs) - Warranty reserves - Inefficiencies due to end of Q switch in customer oriented test bays operations. None of which are problems to be upset about. I'm really pleased with this. The backlog went from $129 Million to $118 million. pretty good. (though this is indicitive of a slight reduction in BOOK to BILL given the revenue increase and this). Also they hired new investor relations people/firms and are aware of past shortcomings in this regard. They are looking for "definitely in 1998 we're expecting improvements in our gross margins". (YES!)