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


To: ben luong who wrote (15266)3/1/1998 1:45:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 25960
 
They filed a 13G because Sec rules (probably 13d) force them to file it. Specifically, prior to this filing they owned more than 5% of CYMI, now they don't.



To: ben luong who wrote (15266)3/1/1998 6:29:00 PM
From: sepku  Read Replies (1) | Respond to of 25960
 
>>>On 1/16/98, Travelers Group Inc. filed a form 13G (required by Any person or group of persons who acquire a beneficial ownership of more than 5% of a class of registered equity) to declare ownership of CYMI
stock 313,955 shares.

313,955 shares is about only 1% of CYMI's total outstanding shares.
Why do they file it?<<<

The reason they filed is most likely because previous to the addition of 313,515 CYMI shares, they owned less than 5% of the company. If they now exceed 5%, they are required to file.

Style Pts.