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

To: raymond marcotte who wrote (14542)	2/11/1998 10:11:00 AM
From: IMPRISTlNE	Read Replies (1) \| Respond to of 25960

raymond RE: "my preferences for companies that are young and subject to fluctuations in income, is that they have zero long term debt" raymond, OK, I agree, in a perfect world..... But this Is a VERY expensive Widget. IF Cymer can borrow the money in the single digits and leverage double digit long-term return.... if they are so confident in their future and expanding margins that they are willing to borrow money to buy back shares(which is not the case)....I say...HEY, Let the IRON HIT THE SOUL..SCREW THE BEANCOUNTERS....step up to the plate and buy-back another 50 MILLION. IMP

To: raymond marcotte who wrote (14542)	2/11/1998 11:35:00 AM
From: Mr. Aloha	Read Replies (1) \| Respond to of 25960

Most of the techs have fallen NEARLY as hard as Cymer. Cymer just went up further :-) The debt payment on $172 million at 3.5% is approx. $6 million a year. They have $130 million in the bank probably making them 5% (conservatively) = $6.5 million in interest. Cymer is a beautiful company as it looks now. Let's just get the Chip industry hungry for .25 and below. Aloha

To: raymond marcotte who wrote (14542)	2/11/1998 12:23:00 PM
From: Curlton Latts	Read Replies (3) \| Respond to of 25960

CYMI has net ZERO debt and is in a net cash positive position with $183 million total liquid assets from $132 million of cash and another $51 million of liquid long-term investments. That $183 million offsets the $150 million convertible debt which is quasi-equity I might add (ie a nothing coupon and the convert feature is way extended against a stupid short hedge trade). The balance sheet is the Rock of Gibraltar. At the conference call Angus said "Additionally, I'd like to point on the balance sheet that at the year end, cash and cash equivalents in short-term investments totaled $132 million 290 thousand. We had long-term investments in addition to that of $51 million dollars. The desperate "caught with their pants down around their ankles" short that is spreading this spin misinformation is now sweating the buyback and this is the only thing they can come up with. All the other wrong rumors have been proven to be a catalyst for a major buying opportunity in a gangbuster earnings growth company. Good Luck To Each And All Curly ~~~~~~^^ [6.6] .....> [_]