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


To: Mr. Aloha who wrote (14151)2/4/1998 6:38:00 PM
From: Cymeed  Respond to of 25960
 
Cymi just crossed its 50 Day-Moving Average during the last couple of days and closed decidedly above it. Last time it did that was in April 1997, and the stock went rocket high ($49 3/4) from there. The situation then was also similar to current situation. Short interest was high at that time and long-term look was good.

Let's see what will happen this time.

Good luck, everybody.



To: Mr. Aloha who wrote (14151)2/4/1998 11:16:00 PM
From: FJB  Respond to of 25960
 
Conflicting reports conerning Korean DRAM makers and their plans.

techweb.cmp.com

TOKYO (Nikkei)--Hyundai Electronics Industries Co. will soon stop making 16-megabit DRAMs, say industry sources. Samsung Electronics Co., LG Semicon Co. and other major South Korean chipmakers are also reportedly planning substantial production cuts. The country's currency crisis is making it difficult for them to purchase silicon wafers and other semiconductor materials abroad, forcing them to curtail production, the sources add.

This week Hyundai began notifying Japanese customers it intends to stop fabricating 16M DRAMs -- the most common memory chip used in personal computers -- and 256-kilobit static random access memories at the end of February.

Producers of silicon wafers, lead frames and other chip materials are shifting their shipments to Taiwan and other countries not plagued by the kind of currency and credit crises South Korea is suffering, note Japanese wafer makers.

The crisis has prompted South Korean makers to abandon 16M DRAMs and shift to higher-margin 64M memory chips, to cope with the scarcity of materials, industry analysts add.