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

To: j g cordes who wrote (18148)	6/18/1998 10:11:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 25960

Jim, I believe MU started to put a next gen research and development pilot line into its Lehigh(sp?) shell. They may have mothballed that too, I'm not sure. Nice interview with Engibous of TXN on CNN's Moneyline tonight. Maybe a couple of CYMI's lasers will go to TXN afterall... :-)

To: j g cordes who wrote (18148)	6/19/1998 2:03:00 AM
From: pat mudge	Respond to of 25960

Since TXN doesn't want to be in the memory business ---and hasn't for several years, now --- it was a matter of spending money to upgrade or getting out completely. What they've done is funded one of the world's leading chip makers when they're on the skids, betting the shares willl multiply in value over the next few years, provided the financing does what it's supposed to do: rescue a company that has the talent to make money once the market turns around. And it will. After the conference call, I talked to one of my brokers at H&Q and he felt the concensus was positive, at least for TXN. They don't follow commodities, nor do I, so we neither one could guess what'll happen there. The last part of the cc I didn't have time to post earlier had to do with being in compliance with their lenders. Drew Peck, I believe from Cowen, asked about burn rate and whether MU was in compliance with a covenant and was told they had a $500M line of credit and the covenant had been waived. With today's transaction, "We'll put expanded facility in place, [and] be in compliance." Since I don't follow Micron, I had no idea how serious their financial situation had become. Appleton and Hashimoto could have a few good talks, I'm sure. Tonight's WSJ online gives a good summation. I'll post on theTI thread. Later -- Pat