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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Starlight who wrote (3918)	11/10/1997 5:00:00 PM
From: JEFFREY R. WILLS	Respond to of 9695

Cymer's stock price is going down to where I thought it could at $17 a share. There is no great pleasure seeing the stock price collapse from the 50 range especially since I once owned it. I took a small loss, but looking at these levels it sure could have been worse. This is classic street turning on a stock that was overvalued at 1.3 billion market cap and punishing it severely when things look uncertain. Revenues and earnings amazingly are strong and with a market cap of 560 million and revenues of 200 million this year, the stock is getting cheap. However, there is probably more to the story then concerns over short term volatility in orders as the stock is now at March 1997 levels. You can definitely see the frustration in the Cymer's folks and with the way our stock has done the last couple weeks I know their feeling.