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

To: Rodney Lockhart who wrote (10846)	12/2/1997 10:53:00 AM
From: Paul Dieterich	Respond to of 25960

Found the WSJ article. Excerpts: Tech Sector's Rally Boosts Small-Cap Stock Prices The Wall Street Journal Interactive Edition -- December 2, 1997 By DUNSTAN PRIAL and STEVEN M. SEARS Dow Jones Newswires NEW YORK -- Small-capitalization and Nasdaq stocks closed sharply higher Monday as investors demonstrated renewed confidence in the technology sector. With the crisis in Asia appearing to be under control, at least temporarily, investors are again focusing on long-term growth in the region's markets. Investors returned to many technology companies, particularly semiconductor concerns, which depend on large investments from Asian countries... TelCom Semiconductor gained 3/4, or 11.25%, to 8 13/16. Cymer, a chip-equipment company, gained 1 1/16, or 6%, to 20 1/4. Another chip-equipment company, Ultratech Stepper, gained 1 3/8, or 6%, to 26... High-technology stocks provided the fuel for Monday's rally as investors gained confidence in Asia's long-term growth potential, said Al Goldman, director of market analysis at A.G. Edwards in St. Louis. Mr. Goldman attributed the boost in confidence to investors' belief that Asian governments are beginning to come to terms with their economic troubles. In recent trading sessions, tech stocks had come under attack for their exposure to the "Asian contagion," Mr. Goldman said. "Investors are more relaxed and are taking a longer-term attitude," he said. "They're looking beyond the valleys to the peaks." In other words, Asia remains a high-growth area that will inevitably see market turbulence from time to time, Mr. Goldman said. He referred to the region's current economic woes as "growing pains."