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


To: Mr. Aloha who wrote (13415)1/29/1998 4:58:00 PM
From: daniel yeung  Read Replies (1) | Respond to of 25960
 
a big block 33k traded at 15 3/8 at 16:41 pm.



To: Mr. Aloha who wrote (13415)1/29/1998 5:05:00 PM
From: Brad Rogers  Respond to of 25960
 
Cymer Announces Stock Repurchase Program

SAN DIEGO--(BUSINESS WIRE)--Jan. 29, 1998--Cymer Inc. (NASDAQ NM:CYMI -
news), the world's leading supplier of excimer laser illumination
sources essential for deep ultraviolet (DUV) photolithography, Thursday
announced that its board of directors has authorized the company to
repurchase up to $50 million of the company's common stock.

The purchases will be made from time to time on the open market or in
privately negotiated transactions.

''This new program is further evidence of our strong belief in the
intrinsic value of Cymer stock,'' said Dr. Robert P. Akins, president
and chief executive officer of Cymer. ''We believe that Cymer stock
represents an attractive value at current prices and that it is an
excellent investment to make at this time.''

Shares repurchased will be used in part to fund the company's stock
plans.

Corporate Profile

Cymer Inc. is the leading provider of excimer laser illumination sources
for use in deep ultraviolet (DUV) photolithography systems targeted at
the pilot and production segments of the semiconductor manufacturing
market. Further information on Cymer may be obtained from the company's
Securities and Exchange Commission filings, from the Internet at
cymer.com, or by contacting the company directly.
------------------------------------------------------------------------
Contact:
Cymer Inc.
William Angus, 619/451-7300 (phone)
619/618-3090 (fax)
or
MCA Inc.
Andrea Mace, 650/968-8900 (phone)
650/968-8990 (fax)