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

To: Curlton Latts who wrote (8867)	11/10/1997 10:45:00 AM
From: Im-patient	Read Replies (1) \| Respond to of 25960

These aren't all DUV steppers....any idea of the proportion of CYMI laden products in this number? fred

To: Curlton Latts who wrote (8867)	11/10/1997 10:47:00 AM
From: John Bloxom	Read Replies (2) \| Respond to of 25960

My calculator is of the opinion that we are at or near a 52 week low here. The current price is a bit below the former low expressed as a multiple of the then-current forward estimate. Averaged down again this am. No guts no glory. Regards, John

To: Curlton Latts who wrote (8867)	11/10/1997 12:43:00 PM
From: MtnMan	Respond to of 25960

hi curlton- are cymer lasers used in the LCD monitor display mfg process??? seems like this should be a growth area. -neal

To: Curlton Latts who wrote (8867)	11/10/1997 1:26:00 PM
From: david miro benda	Respond to of 25960

The 235 number is for all steppers ie DUV and I-line. Similrly for the 500 annual number. Nikon's target is for 200 units of the DUV machines for the full year to March 1998. However, it looks that this target may not be achieved and the company is tentatively suggesting a 10% shortfall. My guess is that the underperformance may be more than 10%. The problem on Cymer is not supply of lasers but demand for the DUV systems which use lasers. There has been so much capacity added in IC manufacture (see falling DRAM prices) that capex by the leading IC houses cannot but be cut (see Japanese cos already cutting by 10% and the Koreans much more; demand for semicon production gear has until now been supported by the Taiwanese mainly. This may not last either). The capacity expansion has been happening when the PC boxes ship well and gobble up more memory pex box. Given the turmoil in the Far East (including Japan) the good old daysfor PC shipments may be coming to an end. Cymer may be brilliant and unchallenged but this will not help if the above is anywhere near the truth. Good luck dmb