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: TideGlider who wrote (8279)	11/5/1997 3:05:00 PM
From: Volsi Mimir	Read Replies (1) \| Respond to of 25960

Afternoon All Got these Zacks Estimate Revisions emailed to me this morning Might be interesting-passing it on: ESTIMATE REVISIONS: CYMI: NATNBK MONT.SEC decreased estimate for fiscal year ÿÿÿÿÿ ending 12/97 from $0.85 to $0.83 on 11/01/97 CYMI: NATNBK MONT.SEC decreased estimate for fiscal year ÿÿÿÿÿ ending 12/98 from $1.00 to $0.96 on 11/01/97 CYMI: NATNBK MONT.SEC increased estimate for long term EPS ÿÿÿÿÿ growth from 40.00% to 50.00% per year on 11/01/97 CYMI: NATNBK MONT.SEC increased estimate for quarter ending ÿÿÿÿÿ 12/97 from $0.12 to $0.23 on 11/01/97 IDTI: NATNBK MONT.SEC decreased estimate for fiscal year ÿÿÿÿÿ ending 03/98 from $0.20 to $0.15 on 11/01/97 IDTI: NATNBK MONT.SEC decreased estimate for quarter ending ÿÿÿÿÿ 12/97 from $0.18 to $0.03 on 11/01/97 back to my little corner ebbyb

To: TideGlider who wrote (8279)	11/5/1997 4:22:00 PM
From: Maxwell	Read Replies (1) \| Respond to of 25960

TideGlider: <<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.>> Perhaps you could clarify my confusion. When a company says they are going to buy back shares it means that they want to reduce the number of outstanding shares available for the secondary market for trading. This is good for investors since it tells them that management cares about the company and the investors. Announcement of this magnitude usually makes the stock goes up. However what you are suggesting is that CYMI would buy their own stock for cheap and sell it later. What would CYMI says when CYMI decided to sell the stock at a later time for cash? They would make an announcement like "CYMI is selling 1M CYMI share today or $40 a share". This again would dilute the share by another 1M share. This doesn't look good a bit. If CYMI does what you suggested then make no announcement what so ever and buy and sell shares quietly just like all of us. No announcement would most likely bring no good news to CYMI. Maxwell