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

To: Sid Stuart who wrote (17227)	4/29/1998 12:42:00 PM
From: Tulvio Durand	Read Replies (2) \| Respond to of 25960

Masks' insufficient availability being the factor that limits 0.18 micron fab implementation would seem to make DPMI more attractive than CYMI as an investment. Meanwhile, masks are still needed for older DUV and i-line. Moreover I'm told that the cost of 0.25 micron DUV mask is 4X that of i-line, and lasts a fraction as long as i-line mask. Also Cymer's Orion laser will fire twice as many pulses per unit time, possibly reducing mask's life even more. Thus it would seem that mask revenues will climb exponentially as more fabs shift to DUV. I invite anyone to make a case for or against DPMI as a superior ST/LT investment compared to CYMI. Anyone know DPMI's masks marketshare? Tulvio

To: Sid Stuart who wrote (17227)	4/29/1998 1:48:00 PM
From: TI2, TechInvestorToo	Respond to of 25960

If you believe in Moore's law ( and if you don't you should not be in tech stocks), then the new chips require new machines (with lasers) which require new masks which require new maskmaking tools. The referenced article just shows where the speed bump is at in the food chain now- masks. Its a speed bump not a wall! TI2 PS Another way to look at speed bump is investment opportunity in the context of other valuation techniques (market share, 52 week hi, sector, relative strength in sector etc)