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

To: sepku who wrote (6660)	10/26/1997 4:21:00 PM
From: flickerful	Read Replies (1) \| Respond to of 25960

<<CYMI currently sitting approx. at 35% it's fair value. So CYMI would be fully valued at $80 based on $2 eps in '98. thank you. granted, i am more comfortable in other arenas, but i have been redoing figures ad nauseum coming up rosier than all. i thought i was way off...

To: sepku who wrote (6660)	10/26/1997 4:49:00 PM
From: damniseedemons	Read Replies (1) \| Respond to of 25960

Not to rain on the parade or anything, but the EPS numbers you are using are pre-split....

To: sepku who wrote (6660)	10/26/1997 4:57:00 PM
From: Exciton	Respond to of 25960

>> Earnings for 1998 are projected anywhere from 1.80 to 2.20...I've even seen estimates as high as 2.50<< Style, could you post the source of these earnings estimates. The EPS numbers for '98 that I'm coming up with from WSRN.com and stocksmart must be really outdated. They aren't even close to 2.00. They haven't updated their estimates in a really long time though, and I would like to know where more timely/accurate estimates can be found. Thanks in advance.

To: sepku who wrote (6660)	10/26/1997 5:16:00 PM
From: Apple12	Read Replies (1) \| Respond to of 25960

All the earnings stats I have found are between $1 - $1.10 for yr end 98. I believe as well you may be using pre-split data. I get a share value of $40.70 per with 37% growth out to 98. That is conservative.

To: sepku who wrote (6660)	10/26/1997 5:36:00 PM
From: D.J.Smyth	Read Replies (2) \| Respond to of 25960

Style, Bret H. had estimated CYMI to make $1.25 prior to his downgrade post split. After downgrade he estimated $1.04 based on sale of approximately 400 lasers for 1998. If we take Angus at this word with 40% expected growth rate, and we have over a $65 million dollar quarter for the 4th quarter we'll arrive at approximately $220 million for revenue for 1997. With 40% growth, we come to nearly $310 million for 1998, with laser sales approaching 600 for 1998. That would yield EPS for 1998 of approximately $1.50 to $1.60 given improving gross margins due to increasing tool sales in the latter half of 1998 and lowering tax rate from current 38% to around 32% (based on accounting model). So, CYMI is trading at 2.6 times 1998 revenue, and 18X earnings using these numbers. Will post more later.