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

To: Elroy Jetson who wrote (13501)	1/29/1998 9:09:00 PM
From: Jess Beltz	Read Replies (2) \| Respond to of 25960

I for one like the stock buyback. In light of the future short-term downturn, AND as long as there is no sacrifice in R&D, the money is well spent, meaning (1) the company IS putting its money where its mouth is with respect to the shares being undervalued, and (2) if the plan is carried out (and remember, they often aren't) it will mean higher EPS for those of us long the stock. I do not see much of a dip in price tomorrow. Any downturn in near-term business has already been (somewhat brutally in my opinion) discounted into the share price. The real question is, what's up at Nikon and Canon? jess

To: Elroy Jetson who wrote (13501)	1/29/1998 10:12:00 PM
From: James S. Shaw	Respond to of 25960

I beleive all negative news has already been reflected in the stock price. The market tends to be a six month discounting mechanism and thats why buying rumors and selling news seems to be a winning formula; however in this case it shoud be buying the news after having sold the rumor. Anyway, weakness early tomorrow shoud be a buying opportunity (Look at CFMT). My soap box for the month. Coke Cola (KO) reported earnings yesterday of $.33 per share, a penny shy of estimates, for a total of $1.67 for the year. They stated that 1998 would be a flat year (i.e. estimates of $1.70 for the year). After that 10% annual growth is expected. The stock closed the day up 1/8 and trades at a trailing and prospective P/E of 38.. (i.e. 64) What am I missing?