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To: Teri Skogerboe who wrote (3249)	11/1/1997 8:48:00 PM
From: Alan Gallaspy	Respond to of 10921

Teri: I do not know Mr. Fleckenstein, so maybe he is in the habit of speaking in analogies, dummying down so to speak. I do no that a UV eximer laser is not a "bulb" and it is not the sort of thing that just any old light bulb factory can crank out. Most people who have invested in Cymer think that there are maybe three companies that can make the illumination sources that compete with Cymer's product, and that Cymer pretty much has a lock on the top 4 companies that use their product. You can check the Cymer thread for more details, but it is pretty full on noise and stuff like "CYMI is down an 1/8 on weak volume, better sell now!!!". You may want to check out the "General Lithograpy" thread. There are several smart people who post there and not much noise. It's URL is Subject 10915

To: Teri Skogerboe who wrote (3249)	11/2/1997 10:11:00 AM
From: Sam Citron	Read Replies (1) \| Respond to of 10921

Teri, RE: "Their [Cymer's] business is just going to stop." I don't know this Fleckenstein, but he should probably read Darwin. Businesses tend to be adaptive organizations like species are adaptive organisms. They do not tend to go from monopoly to extinction quite as quickly as Flechenstein tends to imply. Will Cymer maintain its monopoly? Probably not. Will they survive or be acquired? Probably. What's it worth? Your guess is as good as mine. SC

To: Teri Skogerboe who wrote (3249)	11/2/1997 12:31:00 PM
From: Sam Citron	Read Replies (1) \| Respond to of 10921

Teri, BTW, the far more interesting monopoly in this area is that in lenses. From what I have been able to determine, Carl Zeiss makes all the lenses that go into these DUV excimer lasers, and the lens is the most expensive component thereof. In fact, the shortage of lenses is the major reason that DUV excimer laser backlogs are as high as they are. An important question is how far behind are Nikon and others in being able to build such lenses. Incidentally, Carl Zeiss is organized as a foundation in Germany. It has never had the need to float stock to the public. SC