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

To: Scott Violette who wrote (11799)	12/22/1997 2:15:00 AM
From: chaz	Respond to of 25960

Scott: That's interesting. I'm usually a strongly upbeat investor, but not now. Importers to us won't be profitable with dumped products, and our mfgrs won't be either trying to hold market share with reduced prices. In our local paper today was an article about typical Korean consumers, opting for locally produced goods instead of the "luxury" of US. Cigarettes were mentioned as an example, but you could include clothes, beverages, and computers. Curly, whose posts I truly enjoy, will insist (I think he will insist) that we can't stop technology. That's true, but if consumers don't take it, or defer adopting it, as I think we'll see, then you've really put a lid on profits. I was around the industry in 1983 and 1984...selling ads to roughly 175 printer manufacturers. How many are there today? Technology didn't stop, but about 170 of those companies went dead in their tracks...almost overnight. The "tech market" was smaller then, (I mean the installed base), and I think we're again approaching the point where oversupply butts heads with shrunken demand. I haven't lost badly on CYMI, but 6-12 months from now, what I have salvaged will buy more shares than I sold. Chaz.