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

To: JRGEE who wrote (6278)	10/24/1997 12:02:00 PM
From: sepku	Read Replies (1) \| Respond to of 25960

>>>Ian, Joe Kernan is saying that 9 billion of the 35 billion of equipment makers buying comes from SE Asia. What does this mean. I thought that if things get tough the chip makers would naturally accelarate their move to new technology.<<< Whether Asia is in the doldrums or not, they will have to upgrade their semi equip regardless to remain competitive. If they stand idly by while the West upgrades its fabs for next-generation chip manufacturing, then they will fall behind and lose far more in the next year just trying to catch up. They will simply have to borrow more to buy the equip they need. Cymer should still be in good shape, all things considered. Style Pts.

To: JRGEE who wrote (6278)	10/24/1997 1:30:00 PM
From: Mr. Aloha	Respond to of 25960

I doubt ASIA would want to lose their edge in tech stocks right now. I could see less real estate development etc.. but tech stocks are very profitable. Even at a loss, they would probably move forward. Are they going to say, "OK, are ecomony sucks, here America, here Europe, take all of our progress and reap the rewards!" Profit taking and market manipulation. We know the CYMI story, now we just need the patience. Aloha

To: JRGEE who wrote (6278)	10/24/1997 6:53:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 25960

Ian, Joe Kernan is saying that 9 billion of the 35 billion of equipment makers buying comes from SE Asia. What does this mean. I thought that if things get tough the chip makers would naturally accelarate their move to new technology. Most fabs are funded by some big players with very deep pockets or by a joint venture of very big players with very deep pockets. Personally, I don't share the interpretation reported by CNBC. If you believe that chip demand is going to dry up, then yes there will be trouble. I don't see SE Asia or any other scenario getting rid of chip demand. Yes, the chip makers are getting squeezed. They need to reduce costs. The traditional ways to do that are larger wafers or more die per wafer. Both of those options are available. Both mean more sales for CYMI and several other Semi Equipment makers. So yes CYMI's business will continue to improve, IMO. However, its price may not. Often there's a dichotomy between stock prices and underlying fundamentals which can exist for a long time. Patience.,,, Ian.