To: Steven Angelil who wrote (9076 ) 11/11/1997 5:50:00 PM From: Darryl Olson Respond to of 25960
Steve: I suspect, like me, they've become tired of wading through the multitude of posts which essentially rehash what we already know. Part of this is due to Cymer's confidentiality agreements - their ability to respond is restricted. This is compounded by the fact that the techs are in the tank along with the Asian currencies. Saddam is rattling his saber. The economy doesn't know whether it should be fearing inflation or deflation. And, the shorts, MM's, brokers and day traders are taking this for a joy ride. As I've stated in the past, look at Cymer as a longer term hold. In six months, barring a major catastrophy, Cymer will have bounced back. It will be trading on fundamentals, not fear nor market techniques. We are currently being held captive by forces which we have no control over, nor does management. Stocks can be manipulated in the shortterm. However, longterm manipulation is extremely difficult. Cymer will not stay in the teens or at $20 for an extended period of time unless their fundamentals change (which management regularly states has not happened). I equate this with the oil embargo of the 70's. Oil was at $30 per barrel and the economists (experts?) were predicting $60-$100 per barrel. The fundamentals of oil had not changed, only shortterm market manipulation. The manipulation was only successful in the shortterm. If the current price holds for an extended period of time at existing fundamentals, something will happen. Longer term market factors will drive the stock price. Example - Intel should be investing in Cymer at these prices rather than a consortium which "might" reinvent the wheel. IMO Cymer will have the next generation lasers in general use before the consortium even has a prototype. Be patient. Have faith. Don't get caught up in day-to-day gyrations. The tide will turn (no pun intended, Bruce). Good luck.