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

To: BlueCrab who wrote (15107)	2/26/1998 4:48:00 PM
From: FJB	Read Replies (2) \| Respond to of 25960

Jeff, Have no idea about tomorrow being a screamer, but the next few years... OH YEAH! Here's the short info: Message 3534413 Bob

To: BlueCrab who wrote (15107)	2/27/1998 1:46:00 AM
From: Yakov Lurye	Read Replies (1) \| Respond to of 25960

Jeff, While CYMI is more volatile than larger companies in the semi-equip sector, its price direction is determined not by the short interest (part of which is "artificial" - shorting against debentures), but by the sector trends. CYMI is currently priced at 60% of AMAT, which is quite high by the last quarter standards (although admittedly low for the periods like last summer). Company's long term prospects are excellent, but let us not get carried away. Next two quarters will be quite challenging for the semi-equip manufacturers, and CYMI trades more or less in line with other stocks in the group. On top of this, there are company-specific challenges - it is introducing two new lasers, laser inventory levels at integrators' premises are high, etc. That's my version of the "irrational exuberance" warning - hope I am too cautious. Y.