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

To: Cymeed who wrote (11760)	12/20/1997 12:47:00 PM
From: Mr. Aloha	Respond to of 25960

I'm sticking with the fact that companies NEED to move to .25 microns. CYMER controls the majority of technology capable of doing this. The world is not going to stop - technology will continue. It will be a bumby ride but demand will be there. CYMER doesn't sell an item that can be pushed aside indefinately. They have no choice but to move ahead - the speed may vary. Here's the IMF world growth figures. biz.yahoo.com Aloha

To: Cymeed who wrote (11760)	12/20/1997 1:08:00 PM
From: BillyG	Respond to of 25960

Latest worldwide IMF projections.............. biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com

To: Cymeed who wrote (11760)	12/20/1997 9:56:00 PM
From: Elroy Jetson	Respond to of 25960

I agree that most earnings warnings so far started with Tech, and spread to Big Cap stocks with world market exposure. 3M's deteriorating DOMESTIC sales and profits were a warning that reduced earnings will spread to domestic companies of all cap size. You mention that it is unrealistic for these companies to continue to grow their earnings at say 60% a year - I agree. However, do realize that current equity prices are/were based on these unrealistic expecations. We can experience BOTH a strong growing economy AND declining equity prices as they fall to reflect reduced earnings expectations. To lose the maximum amount of money, sell companies like Oracle that have pre-announced reduced earnings and buy those "safe" domestic stocks that will inevitably pre-announce by Q3 next year. A stock like Cymer is far closer to it's bottom than is a highly regarded retail stock that hasn't been hit yet. Yes, there will be some winners with inported deflation, but I don't believe it is clear yet who those companies will be. It's a real gamble. Money flowing into 401K etc before year end will provide an uplift to the market between now and the end of January. But what happens after that will depend entirely on how badly earnings expectations are reduced. Pre-announcements will continue to result in one day declines of 30% to 60% in individual issues, and each new suprise shock from Asia will hammer down the market as a whole. Investing now is VERY dangerous. Keep some money in reserve to buy the inevitable bargains.