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

To: TideGlider who wrote (14386)	2/7/1998 5:44:00 PM
From: TideGlider	Respond to of 25960

For the poster a while back that stated CYMER claimed there would be sequential decreases in revenues. That was not stated. >>>Your comment about the first quarter decline continuing, I assume by that you meant that you presently expect revenues would drop from 59 million to somewhere in the area of 50 to 53 million, and then remain there at sort of a plateau, and that you did not mean subsequent 10 to 15 percent declines to something in the low 40's for the second quarter and so on. Could you clarify that and then maybe just make a rough assessment as to what your revenues might be considering the strength in the U.S. and in Europe if Asia continues to be as disappointing as it is currently. Akins: Let me take the first part of that question. Our intention there is simply to level-set where we think potentially the first quarter might be, given the way we see things at this point in time. At this point we are not forecasting sequential declines. That is not what we are forecasting.<<< TG

To: TideGlider who wrote (14386)	2/7/1998 5:51:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 25960

Tideglider, I actually think that some analysts like the projected earning reduction (at least right now, but ask them if they'll respect you in the morning <VBG>), the reasoning being that the investments in service infrastructure and additional R&D, raise the barriers to entry for the competition, and as the company said (paraphrasing) "putting more distance between them and the rest of the field". As for the stock itself, the breakout through the 17.75/18 range indicates that some market participants agree with those analysts. By the way, for those always wondering why would I comment on the stock if I do not own it, I got in this week despite myself (just above the break above 17.75), but, now I am shaking like an "automn leaf". What I fear is that the current price may not hold an onslaught of bad news from Asia, which I am not sure is over yet. My own personal signal to get out would be if it does not hold 20. I am not ready for a long term position here, as yet. I am afraid that analysts might awake up to the fact that a current 50 or so PE may be too high for a company that may resume its 50% or so growth rate in another 12 months or so. Zeev