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

To: TideGlider who wrote (18024)	6/11/1998 10:58:00 AM
From: Czechsinthemail	Read Replies (1) \| Respond to of 25960

Briefing.com reported that Morgan Stanley is lowering expectations for semi-equips -- down 20% instead of the previous estimates of down 12% to 14%. Does anyone have particular details on this MSDW report? Baird

To: TideGlider who wrote (18024)	6/11/1998 1:26:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 25960

Excerpts from the MSDW semi equipment report: ". . . Our recommendations are focused on stocks that are trading at historically low trailing four-quarter price-to-sales ratios and have dominant franchises, as well as leading-edge photolithography plays. The value/dominant franchise plays in our universe of coverage are Etec Systems (ETEC - $36, rated Strong Buy), Cymer (CYMI - $18, rated Outperform), and PRI Automation (PRIA - $17, rated Outperform). The leading-edge photolithography plays that will likely grow in excess of the industry for the foreseeable future are ASM Lithography (ASMLF - $38, rated Strong Buy,), Cymer, Etec Ssytems, and the photomask plays, which we do not currently cover." If I get time, I'll post more of the report later. Pat