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

To: craig crawford who wrote (12058)	12/29/1997 2:20:00 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 25960

The Convertible Notes will obviously not convert to equity if Cymer remains weak. This is why Convertible Notes are one of the most attractive ways to take a position in a technology company with an uncertain track record. You have a long-lived option and collect modest interest and relative safety on your investment. If Cymer runs into actual problems, they get their money back before Cymer shareholders get a cent. This in addition to any profits they made shorting the stock to protect the value of their conversion feature. If you want to survey pain, look at Korea. Their market down 43% for the year and their currency down 50%. That's a 79% loss for a US investor in Korea in 1997. That's like buying Cymer at $42 and selling at $9. You need a 500% increase in value just to get back to where you started!