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


To: Tulvio Durand who wrote (14088)2/4/1998 2:02:00 AM
From: TI2, TechInvestorToo  Read Replies (1) | Respond to of 25960
 
60 sec version of today;
I read all the posts, and posted some of my own.
Heres the replay:

CYMI had qtrly report, cc, website on 1/29/98

Reuters after the close 2/3/98 hit the wires with a correction to the qtr results summary they had originally posted.

The Reuters correction substituted percent for cents in the EPS estimate for this quarter.

This meant that EPS was suggested to be 10%-15% less than $0.24/share instead of $0.10-0.15 less than $0.24/share as stated in CYMI official statement.

All the longs on the board got happy, the shorts changed their shorts.

Two people ( Paul D Post 14017, mine on CYMI news and here) on the board got input from ANGUS (CFO). Angus stated that Reuters acted alone, were wrong, and would retract.

The board got entertaining ( I enjoyed Who's on first (LOL)) for a couple of hours.

Reuters hit the wires (AJA post 14072) with retraction of correction.

The board remained entertaining.

And here we are to now!

TI2

PS
I am sure that CYMI wishes they had not used 10% and $0.10 when forecasting earnings!