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

To: Yakov Lurye who wrote (9564)	11/13/1997 11:31:00 PM
From: Zeev Hed	Respond to of 25960

Yakov, it is very similar to another company that is far more remote from the chip market than CYMI, VECO, it derives more than 70% of its business outside the chips, but the market brough it down by 50% for no good reason, and the fundamentals there (book value and PE( are even better than CYMI. It is a case of throwing the baby with the wash waters. In the case of CYMI, I think the market is also worried at their ability to manage the fantastic growth (such as recivable starting to extend to almost 70 DOS). I have no idea where and when the bottom is coming and CYMI is definitely on my buy list (eventually), but timing might be tricky due to external factors. There is a non zero possibility that the rim will actually go into a major retrenchment affecting the rest of the world (through their connection to Japan). Zeev

To: Yakov Lurye who wrote (9564)	11/14/1997 2:41:00 AM
From: Jess Beltz	Read Replies (1) \| Respond to of 25960

Zeev, Another possibility that may ameliorate your concerns (which are valid) is the fact that some of the large Korean manufacturers (Samsung for example) are building large facilities in the United States (Samsung has a huge new facility at Austin, TX.) To that extent, if their balance sheets are strong, they may have access to capital, particularly debt funds in the US Market, and not be greatly damaged by the typhoon that is beginning to hit the Korean Banking sector. jess