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

To: FJB who wrote (14031)	2/3/1998 8:30:00 PM
From: Sye Walsh	Respond to of 25960

As a result of these factors, and based on information currently available to us, we anticipate a reduction in our revenues by 10 to 15 percent in the first quarter of 1998 from fourth quarter levels. We will closely monitor the situation going forward, consulting with customers on an ongoing basis to ensure that their laser inventory levels are in line with the current demand scenario," noted Akins. Akins concluded, "1998 will be a year in which our plan is to further distance Cymer from the competition through increased investments throughout the year in: 1) aggressive R&D and manufacturing programs to develop and deliver the higher performance products that will enable higher average selling prices; and 2) further expansion of our global service and support network to support our growing installed based of DUV lasers in production. We currently expect that the investments needed to fund these critical future-oriented efforts, coupled with the anticipated revenue decline, will reduce our quarterly earnings by $0.10 - $0.15 per share in the first quarter of 1998, as compared to our just announced fourth quarter."