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

To: Cymeed who wrote (13781)	1/31/1998 9:52:00 AM
From: TideGlider	Read Replies (1) \| Respond to of 25960

Here are a few comments , good and bad.. pathfinder.com TG

To: Cymeed who wrote (13781)	1/31/1998 11:53:00 AM
From: Musa Goksel Bulat	Read Replies (1) \| Respond to of 25960

I think best thing to do for CYMI is to buy back even more shares. In 1997 they made $34.566million before taxes which means return on assets is 9%. They also got a great deal with convertibles. (Interest on the notes will accrue at the rate per annum of 31/2% from August 6, 1997 through August 5, 2000 and will accrue at the rate per annum of 71/4% from August 6, 2000 to maturity. The notes will be convertible at a conversion price of $47into approximately 3.2 million shares of Cymer, Inc. common stock.) I am looking at ROA(9%) since interest on convertibles is tax deductible. ROE is 20.9%(after taxes). I believe they should buy back even more shares and get more debt since it is so cheap. They already have enough inventory, due to temporary demand slowdown they don't have to spend more cash for inventory. Also most of the capital spending has already been done. Even if they loose money next quarter so what! Real show has not started yet, in order to stay competitive everyone has to upgrade to .18 soon. They have $130million cash, they should use it on the most attractive investment which is CYMI stock. Until now management ignored the stock holders, finally they are giving some attention. Look at AAPL, DELL and ORCL, CEO's of these companies are acting like football coaches, encouraging wall street all the time about prospects of their companies and wall street is responding back. I am confused as to why an analyst would ask why they would not use their funds to buy back the depth. Is my logic flawed? Any comments?

To: Cymeed who wrote (13781)	1/31/1998 12:23:00 PM
From: Mr. Aloha	Read Replies (2) \| Respond to of 25960

Yes.. The company seemed geniunely concerned about shareholders and how it interacted with them...press releases etc... I disagree with JayD regarding... "He may be right again that 1998 will not be a great year for Cymi in terms of revenue and profits. (But he also said 1998 is a great year for Cymi in terms of stock price by raising his rating.) The stock price IS revenue and profits... If Cymer does anything near $.40 for 1998... the stock will be at $10 and that's a large % decrease from $15. I agreed that his comments about a slowdown were fair, I also feel however that the demand for DUV is VERY STRONG and once the smoke clears... projections and demand will increase. Maybe I have my rose colored glasses on but I think the end of 1998 will be favorable. The next 2Q's will be product advancement and inventory adjustment. I don't think the company will buy stock unless the price falls to $13 or below. At $.40 and 30 million shares that's Net Income of only $12,000,000 for all of 1998. What's that... like 200 lasers with a LARGE expense for R&D and Service. 200 / 4 = 50 per Q? What about increasing service/parts revenue? This company could become a cash cow. Residual income is AWESOME! :-) Aloha

To: Cymeed who wrote (13781)	1/31/1998 2:43:00 PM
From: FJB	Respond to of 25960

Cymeed, RE:Let's face the fact, those analysts do this kind of thing for a living, they have information not only from Cymi, but also from other equipment makers and chip makers. They definitely have a clearer overall picture than most of us here on this thread. I have seen analysts with totally wrong predictions for as long as I can remember. The information they use is primarily public and widely available. We're all guessing. Bob

To: Cymeed who wrote (13781)	2/1/1998 6:55:00 AM
From: Musa Goksel Bulat	Respond to of 25960

I think best thing to do for CYMI is to buy back even more shares. In 1997 they made $34.566million before taxes which means return on assets is 9%. They also got a great deal with convertables. (Interest on the notes will accrue at the rate per annum of 31/2% from August 6, 1997 through August 5, 2000 and will accrue at the rate per annum of 71/4% from August 6, 2000 to maturity. The notes will be convertible at a conversion price of $47into approximately 3.2 million shares of Cymer, Inc. common stock.) I am looking at ROA(9%) since interest on convertables is tax deductable. ROE is 20.9%(after taxes). I belive they should buy back even more shares and get more debth since it is so cheap. They allready have enough inventory, due to temporary demand slowdown they don't have to spend more cash for inventory. Also most of the capital spending has allready been done. Even if they loose money next quarter so what! Real show has not started yet, in order to stay competetive everyone has to upgrade to .18 soon. They have $130million cash, they should use it on the most attractive investment which is CYMI stock. Untill now management ignored the stock holders, finally they are giving some attention. Look at AAPL, DELL and ORCL, CEO's of these companies are acting like football coaches, encoureging wall street all the time about prospects of their companies and wall street is responding back. I am confused as to why an analyst would ask why they would not use their funds to buy back the depth. Is my logic flawed? Any comments?