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

To: Curlton Latts who wrote (11525)	12/14/1997 10:41:00 AM
From: John Bloxom	Read Replies (1) \| Respond to of 25960

For what it's worth, a retrospective low p/e analysis of CYMI and several peers suggests that CYMI is within a point or so of that level at which, historically, buyers of companies in this sector have bought all stock available. This is not to say that the company cannot go lower. No pricing model can guarantee that. But it is to say that if the 5 year growth rate and current forward estimates hold, there is very good reason to believe that there is money out there that will buy all shares available at about $16.00 p/s. I find the recent price performance, particularly Friday's performance, as consisent with this thesis. The stock is looking pretty tough down here. Hopefully it will stay here in a narrow range for a while. If it does, the fast money will exit and the stock slowly will find its way into the hands of those with an investment horizon of longer than a few days or weeks. When that happens, supply will constrict and demand will force the valuation to more normal levels. Just my opinion, of course. Good luck to all, John

To: Curlton Latts who wrote (11525)	12/14/1997 11:31:00 AM
From: James Connolly	Read Replies (1) \| Respond to of 25960

Curlton, This may have been posted already. Here is a Barrons article posted on another thread. Good news from Barrons for a change. "Equipment industry sales, he adds, will rise 15%-20%. If he's right, the stocks are raging bargains" exchange2000.com Regards JC.

To: Curlton Latts who wrote (11525)	12/15/1997 6:14:00 AM
From: TideGlider	Respond to of 25960

Stock Buyback Program The Cypress board of directors approved a 2-million-share stock buyback program on October 23, 1997 (on which day Cypress closed at $11.56). Since then, they have repurchased 300,000 shares outright at $11.16 per share and sold 2 million put (buy) options at a strike price of $11.00. Management will present a proposal to increase the current buyback program by 2 million shares at the December 16, 1997 board meeting. A poll of the directors indicated that they will unanimously approve this second program on December 16. Cypress Semiconductor Corporation is an international supplier of high-performance integrated circuits with worldwide headquarters in San Jose, Calif.