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

To: Graham Marshman who wrote (6106)	10/23/1997 8:54:00 PM
From: caney	Respond to of 25960

Look at post #5747 where I predicted EPS of $.23, right on the money. Ed Canto also was on the money with his prediction. I noticed Ed Canto also follows ATLPA and ODETA, two of my favorites. I think you would all do very well by checking them out.

To: Graham Marshman who wrote (6106)	10/23/1997 9:29:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 25960

First of all, congratulations and thanks to all those whose excellent information and insight helped me learn enough to get in and stay in. Regarding the announcement, I would say it is very positive. Though not a blowout like last quarter, it dodged the bullet and dispelled the abundant gloom that has depressed the share price. Considering how much selling occurred going into the announcement, I would expect a significant bounce tomorrow. The one restraining item is that I think there is an enormous amount of trading interest in the stock that may be looking to exit as the price moves up. OTOH, the move up will likely be assisted by a number of analyst upgrades. Check out Zacks to see the significant recent downgrading by analysts: ultra.zacks.com These analysts will now be reversing course and upgrading their recommendations and earnings projections. There was enough fear going into this earnings release that we should see a pretty good relief rally. Analyst upgrades should provide additional support to a significantly more positive and upbeat atmosphere. The two potential negatives were 1)the lower sequential earnings--due to non-recurring charges and a higher tax rate and 2)the reduced backlog. The reduced backlog along with the increase of receivables might suggest some channel stuffing as you suggest, Graham. But receivables are also likely to increase around larger overseas orders, which typically take longer to collect. And I think the decreased backlog is perhaps best explained by the increase in production capacity. This allowed them to ship much of what had backed up in the pipeline during earlier periods. It is balanced by the announcement of significant October orders and the prediction of sequential growth through at least the next two quarters. All in all it seemed a very positive report. Now we'll see who can resist the temptation to cash in chips as it moves up. Baird