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

To: FJB who wrote (17126)	4/24/1998 4:11:00 PM
From: Christopher Gates	Respond to of 25960

I haven't yet taken a look but believe that the number of analysts asking questions is much greater that the last few conference calls. This is going to help this company in the near tern as well as the long term. Many people believe that 99 is going to be a great year. Why wait for the ramp up in 99 to buy the stock. I think that worst case scenario we will see very good support on the dips in price over the next six to eight months. Chris

To: FJB who wrote (17126)	4/24/1998 4:36:00 PM
From: Peter V	Read Replies (1) \| Respond to of 25960

Nice steady climb on reasonable volume in the last hour today, and almost hit 24. quote.yahoo.com Maybe Monday won't be so bad after all.

To: FJB who wrote (17126)	4/24/1998 7:10:00 PM
From: TI2, TechInvestorToo	Read Replies (1) \| Respond to of 25960

DOW NEWS with MS's Deahna comments :-) TI2 Cymer Shares Slipped On Prospect Of Lower 2nd-Quarter Net Dow Jones Online News, Friday, April 24, 1998 at 17:00 NEW YORK -(Dow Jones)- Shares of Cymer Inc. shed 9.9% Friday after the company said second-quarter 1998 earnings would be lower than those of the first quarter, one analyst said. At the close, Cymer (CYMI) was off $1.688, or 6.68%, at $23.563, on volume of 2.4 million shares. Average daily volume is 958,700. Earlier, the shares traded as low as $22.125, down 12.4%. Cymer makes excimer laser illumination sources for deep ultraviolet photolithography used in the semiconductor industry. Henry Voskoboynik, an analyst at Forum Capital Partners, said Cymer guided analysts to lower second-quarter earnings estimates during its first-quarter earnings conference call. Cymer reported earnings of nine cents a diluted share in the first quarter, short of the year-earlier 14 cents but matching the First Call mean estimate. Analysts predict that the company will earn eight cents a share in the second quarter, according to the most recent First Call estimate. In its earnings release, the company attributed the lower earnings view to planned increases in research and development expenses and narrower gross margins due to an increase in production costs. Also contributing to investor wariness Friday, according to Morgan Stanley Dean Witter analyst Jay P. Deahna, is heavy press coverage warning that Cymer faces increased competition - coverage he called "more hype than anything." "Nothing has changed competitively," Deahna said. Voskoboynik said Cymer's market supremacy may be eroded somewhat over the next few quarters, but the problem is not a serious one for the company. "They enjoy 90%-plus market share right now," he said. "I don't think that is sustainable, but the market is growing." Further, the analyst thinks the stormiest fiscal weather for Cymer will have passed by the third quarter. "Next quarter will be the trough in earnings," he predicted. The net "will increase sequentially from there." Revenue already has hit bottom, he added, and should be flat to slightly higher in the second quarter. Deahna also was optimistic about the stock's future performance. The selloff was a "knee-jerk reaction stock to a big run up at beginning of quarter," he said. "It got a little overheated, but I think its an enormous buy in the 20s." Company officials were not immediately available for comment. -Justin A. Oppelaar; 201-938-5175 Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved. Companies or Securities discussed in this article: SymbolNameNASDAQ:CYMI Return to Company Headlines <Picture> Select news or report:Company News S&P Company Report First Call Earnings Vickers Insider Trading S&P Industry Report To receive headlines or reports, enter a symbol in the box below or search for a symbol. ÿ ÿ ÿ <Picture>