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

To: Justa Werkenstiff who wrote (6417)	10/24/1997 11:30:00 PM
From: Gary Hoyer	Read Replies (3) \| Respond to of 25960

The meltdown in Semi stocks will end soon, here's why: 1) Intel will NOT slow down its plans for Merced and a .18 micron process. Who else thinks that Cymer's "substantial new orders at the beginning of the quarter" coupled with the Oct 13th SVGI service announcement smacks of a huge Intel DUV ramp-up. Intel may cut capital spending and reprioritize but they will not jeoprodize being the technology leader, especially on high-end processors sold for servers and workstations. 2) The Asian semis are NOT going to walk away from the semi market or let anyone else move to newer technology without them. When DRAM was $40/meg a few years ago there were new fabs being built in Korea. Everyone back then knew the price would eventually come down with all the new capacity soon to come online. But they didn't stop, they wanted market share, especially from the Japanese. Now they need DUV and 300mm more than ever to improve their productivity and bottom line. They just have to look to the West to see the benefits of technology leadership. Once you get on the technology treadmill you either keep up when the world cranks up the speed or you get out of the business. Just my .04 (I am very optimistic), Gary.