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

To: F. Lynn who wrote (7201)	10/29/1997 5:51:00 PM
From: BillyG	Respond to of 25960

All signs point to huge growth in next-generation semiconductor processing equipment................. techweb.cmp.com service of Semiconductor Business News, CMP Media Inc. Story posted at 2:30 p.m. EDT/11:30 a.m. PDT, 10/29/97 Advantest profits up sharply TOKYO -- Advantest Corp. here today reported net profits of $134 million (16.34 billion yen) for the six months ended Sept. 30 -- a sharp 76% increase over $76 million (9.27 billion yen) for the same period a year ago. Sales for the six months totaled $942 million (115 billion yen), up 61 percent from $586 million (72 billion yen) for the similar 1996 period. Officials of the semiconductor test equipment firm attributed the gain in earnings and sales to a resurgence of orders from chip makers moving into next-generation production lines. Advantest said sales of semiconductor test systems jumped 68% to $844 million in the half, accounting to 90% of total sales. Exports increased 131% to $$600 million. Officials forecast that sales for the fiscal year ending next March 31, 1998 will reach $1.9 billion (230 billion yen, with pretax earnings expected to be about $532 million.

To: F. Lynn who wrote (7201)	10/29/1997 6:09:00 PM
From: D.J.Smyth	Respond to of 25960

Nathan <<Cymer has a trailing pe pf 88.79, according to bloomberg,>> Cymer earned $.8035 the last four reporting quarters. that would give it a trailing pe of 32.35. this type of mis-information is what shorts use to trade stocks. Cymer is trading at 1998 pe of approximately 17 based on their assumptions of 40% growth next year.. i agree that buying back stock would be a move to rid Cymer of the shorts that have attacked its stock price with lies and innuendo. the techies are hung up on Komatsu which is behind the curve ball, yet ahead of the stock information rumor game. the techies are looking at process and not results. the market will ultimately judge results, not process. it doesn't matter if Komatsu has a better engine, even by the techies admirable inspiration. the diesel engine was also supposed to be "better". Ricoh built a "better" copying machine, but Xerox still commands the market. better does not equal loss of market share. if you're propelling forward at a significant rate of speed and you are two miles ahead of your competitor who is now just starting the race, it will take a substantial amount of time for the second run to catch up to you even if he is running 20% faster. the techies have lost sight of the real world and instead are focusing on who has the better nose picker, is it the little finger or the index finger - actually it is whatever finger gets there first. Cymer is there now. apparently the techies love knowledge but hate the market volatility. since they are so enamored with Komatsu they should open an account in with Daiwa Securities and by their stock. no one has given a credible answer to the Komatsu challenge and/or competition. by the time Komatsu gets their lasers to the market Cymer will have already introduced their second generation systems. lets get real. someone post something real instead of fear regarding Komatsunusissance.

To: F. Lynn who wrote (7201)	10/29/1997 6:10:00 PM
From: Curlton Latts	Respond to of 25960

Nathan: IBM's P/E is currently ~18, while CYMI is ~13.5 on '98 EPS See IBM's P/E here: quote.yahoo.com The market price of a stock trades on expectations, however, and not hindsight. CYMI given just recently received accelerating orders and admittedly non-updated, way conservative 1998 EPS estimates is more likely to earn $1.95 per share in 1998 for a resulting P/E of only 13.5!!! CYMI got its big $172.5 million financing proceeds at only something like 3.5% cost because of CYMI's phenomenal earnings growth prospects - so at a cost of only 3.5% why shouldn't they invest in their stock at a yield of 7.6% (1.95/25)? IBM is doing it under a lot less attractive financial return yields and their stock has jumped big because of the vote of confidence that Wall Street views this to be. In CYMI's case they probably couldn't buy back many shares anyway before it would break the backs of the excessive short interest and the stock would kite up like a jet propelled rocketship. Finally, Nathan I noticed your profile has only one other post, to wit: "E-Trade does charge interest on short positions, and I find this irritating". Heh, heh. Why am I not surprised that your only other post is spoken about the trials and tribulations of being short in as old turkey said "a bull market you know"? Good Luck To Each And All Curly ~~~~~~~~^^ [6.6] ....> [_]