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

To: ItsAllCyclical who wrote (13433)	1/29/1998 5:35:00 PM
From: Richard Tuck	Respond to of 25960

Why is everybody focused on the 10-15% reduction in revenues when Akins said that earnings would be down $0.10-$0.15 from this quarter. Thus, next quarter's EPS will be $0.09-0.14. That does not look so good with the continuing uncertainty over the Asian situation. Would you bid the price up now if it looked like the next few quarters were going to be $0.10-0.20? No one on Wall Street cares if 1999 is going to be a good year. Expect CYMI to be under 20 thru mid-year... P.S. I am a CYMI long at 34.

To: ItsAllCyclical who wrote (13433)	1/29/1998 5:37:00 PM
From: moat	Read Replies (1) \| Respond to of 25960

Company's accounting is VERY aggressive. DSO (a measure of A/R) for the past 7 quarters were (days): 70 83 93 111 137 133 139 They have been stuffing the stepper guys and not getting paid. Company already has $172m of debt and its going to use $50m of shareholder's money to buy back shares. They say the stock is cheap. Really? Do you think the CEO and the CFO will buy the stock in the open market now? We are basically dealing with very aggressive (read dishonest) management. When we see insiders buy, that's the bottom.