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

To: FJB who wrote (13576)	1/30/1998 2:02:00 AM
From: TideGlider	Read Replies (1) \| Respond to of 25960

excuse me if this was posted: Chip Stocks To Outperform Market, Analyst Says (01/29/98; 8:20 p.m. EST) Semiconductor Business News U.S. semiconductor stock prices should outperform the S&P 500 index in 1998 because of strong demand from personal computer manufacturers, increased sales to communications applications, and a firming of memory chip prices, according to Jonathan Joseph, a senior research analyst at NationsBanc Montgomery Securities. During an annual investment conference in San Francisco, analysts from the securities firm presented forecasts on a number of semiconductor sectors. Joseph said he based his stock price prediction on the correlation between expected strong demand for chips and an expected reduction in semiconductor capital spending in 1998. Historically, he noted, semiconductor stock prices rise when capital spending falls but demand for chips rise. In 1998, total semiconductor capital spending is expected to drop 5 percent, while chip demand is expected to increase by 10 percent, suggesting a good year for semiconductor stocks, the analyst said. Joseph predicted "sustained, double-digit growth" of demand for chips used in personal computers, including microprocessors, digital signal processors (DSPs), microcontrollers, and microperipherals. Also, he said he expects increasing demand for semiconductors used in digital wireless telephones and cellular networks, as communications networking software is increasingly embedded directly on semiconductors. DRAM prices should firm as the year progresses, according to Joseph. When it comes to the Asian financial crisis, Joseph believes semiconductor stocks have already absorbed the bad news from the region. He said that concerns about slowing demand from Asia are real, and that the Asian "flu" could spread to China and Japan. But on the positive side for global chip makers, Joseph said major Korean chip-makers, such as Samsung, are now slashing their capital spending due to their inability to borrow, and as a result, they won't be able to add capacity that might have put further pressure on commodity chip prices.

To: FJB who wrote (13576)	1/30/1998 2:05:00 AM
From: Jess Beltz	Read Replies (1) \| Respond to of 25960

To All: Interesting times tomorrow. Maybe sparks will fly But I doubt it. The slowdown has been forseen The repurchase bodes well for future EPS The Market is beginning to realize it has overreacted to the Asian crisis in the semiconductor field. Are we having fun yet????? Here's what I see..... We all knew this was a long-term play after the Asian Market Meltdown There will be one more serious Asian ill-wind as the crisis in Indonesia forces the necessary reforms in Japan (that's right.) The stock will waffle for the next quarter, but there will be no further serious slide. Those with big short positions now know that for sure, there is at least one player with deep pockets interested in accumulating the stock, ie the company itself. That will cause them to squeeze their triggers a little tighter. When the pop comes, it will be nice indeed. I just hope it doesn't come until I can gather serious funds to put into it. It will remain my number one position from now until it hits the $50 range. For those of us who lost a bundle on Cymer, and there are MANY, we simply believed hype we shouldn't have and jumped in way too soon with way too much, some of us in fact with money that wasn't even ours. Sit tight, there's still a fortune to be made here. jess.