Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Maxwell who wrote (8277)	11/5/1997 12:29:00 PM
From: TideGlider	Read Replies (2) \| Respond to of 25960

CYMER would not have to keep the stock. The company could block trade in to an institution for a small discount. Then CYMER will have made money and some of the stock value would have been returned. Bruce

To: Maxwell who wrote (8277)	11/5/1997 12:29:00 PM
From: Stoctrash	Respond to of 25960

Ditto Maxwell.... It makes no sense for a company of this size & growth to repurchase shares. IBM, Pep, INTC.....now they have spare cash!!

To: Maxwell who wrote (8277)	11/5/1997 12:34:00 PM
From: PAL	Respond to of 25960

As Curlton Latts indicated, CYMI has $190M in cash. That amount is not totally in cash but short term investments, money market, bonds etc. Many companies buy back their own shares because they believe that their own stock is the best investment as compared to any other stocks on WS. To buy 1 M shares cost CYMI only $ 23M. With the strong balance sheet, CYMI can easily float corporate bonds to finance its growth or get bank financing. If CYMI is short of cash, I completely agree with you. Good Luck to you. Your numerous contibutions regarding the technical aspect of this complex product are greatly beneficial to all of us. Thank you. PAL

To: Maxwell who wrote (8277)	11/5/1997 12:42:00 PM
From: Curlton Latts	Read Replies (1) \| Respond to of 25960

Check out WIND's buyback. Succesful similar case. CYMI's cnv issue was targeted at $150 mil and it was oversubscribed to $172.5. $150 was plenty to implement their high growth business plan. $22.5 was excess. This Company has plenty of excess free cash for buyback and to fuel its growth - no problem. Good Luck To Each And All Curly ~~~~~~~^^ [6.6] .....> [_]

To: Maxwell who wrote (8277)	11/5/1997 12:47:00 PM
From: D.J.Smyth	Respond to of 25960

Maxwell << Cash is also needed to perfect the 198nm ArF laser and beyond>> everyone has their suggestions. my suggestion this week to them was to let the market know of their progress in the Arf arena. their progress has been significant and they haven't said anything about this to the marketplace. ArF system progress would dwarf any potential Komatsu is introducing next year based on KrF. although Komatsu is also working on Arf it is my understanding that Cymer is several years ahead in this arena. let's hope so. you've got to wonder what the shorts will do when this announcement is made

To: Maxwell who wrote (8277)	11/5/1997 1:06:00 PM
From: Apple12	Read Replies (2) \| Respond to of 25960

Maxwell, I agree completely. This constant badgering of the directors about buybacks, seems inapropriate. Now is the time to invest in keeping cutting edge technology a step ahead. Scientists, Employees, Marketing and support. Next generation to stay the market leader. I'm sure about now management is so so sorry they ever went public in the first place.