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

To: D.J.Smyth who wrote (6024)	10/23/1997 5:11:00 PM
From: Steven Angelil	Respond to of 25960

Congrats Darrell and to all us LONGS. Please keep in mind, before the market meltdown(s) of the past 2 weeks, our stock traded well above 31 several times. If the market gets back on track, we will see much higher than that, IMO. Hell, when it hits 31, I'm just starting to make a PROFIT(that's why we're holding, right?) Steve

To: D.J.Smyth who wrote (6024)	10/23/1997 5:11:00 PM
From: BillyG	Respond to of 25960

I would like to see a cost allocation between these two expenses - (1) adding manufacturing capacity, and (2) a "reserve" to cover cost under their "CIP". What the he_ _ is the "CIP"? Maybe that's the program to fine-tune the lasers in the field . . . I respect CYMI for placing these funds in reserve as an up-front charge rather than dragging them out. Gross margin on product sales for the third quarter of 1997 was 36 percent, compared with 38 percent in the second quarter and the first nine months of 1997. Margins narrowed in the third quarter as a result of one-time charges associated with bringing the Company's new manufacturing facility more fully on line and charges to establish a reserve to cover additional costs of Cymer's previously announced Continuous Improvement Program (CIP).