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

To: D.J.Smyth who wrote (6461)	10/25/1997 9:17:00 AM
From: rsc	Read Replies (5) \| Respond to of 25960

Has anybody else seen this sh*t? I wake up, turn on my computer while waiting for to see the sun rise over El Cajon, and this is what I read in Barrons online: "I'm short one other little company, Cymer. Symbol CYMI," Fleckenstein adds. "They make UV bulbs that go into semiconductor lithography equipment. The story was that they had a very sexy laser and no competition. But it turns out that they do have competition, and their customers are having some problems. Now this isn't a huge market to begin with, and Cymer already has made enough bulbs to supply it for quite some time. Their business is just going to stop. Yet at nine times revenues it has a $1 billion market valuation. In any other environment, the stock would be a teenager already. [It's around 28.] It's a great story. Even its investment bankers have dropped their recommendations." Apparently this guy Fleckenstein is a money manager whose strategy is to short tech stocks and promote small Argentinean silver mines, in order that he might lose his customers money big time. Now that the tech sector has taken a hit, Barrons is giving him the opportunity to share his stunning ignorance with all the world. It's still dark. Sun, please come up so I can go out and weed my garden. Richard