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

To: FJB who wrote (17067)	4/24/1998 1:05:00 AM
From: Ian@SI	Respond to of 25960

Bob, RE:Share buybacks for companies that need cash to grow are a bad idea. At a stock price of $15 it's a good idea. At $25 it's a bad idea. I couldn't agree more. It would be absolute lunacy during a prolonged downturn for a developing company to waste its resources buying back shares. ... or using cash to buy another company for its technology. Ask PMAT which became TRKN which no longer exists as a going concern. CYMI's advantage could disappear much more rapidly than we think if they lose the capability to be the R&D leader. FWIW, Ian.