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To: Q. who wrote (3074)	7/1/1998 5:18:00 PM
From: Daniel P. Dwyer	Read Replies (2) \| Respond to of 3736

This announcement was expected, given their preannouncement. .07 loss per share, I believe is less that originally preannounced. Revenues came in on the higher side of the range than pre-announced. Balance sheet looks great. When I spoke to IR a couple of weeks ago, they indicated that sales were less than expected because of clients' "push out." They fully expect to make up for sales. Dan Dwyer

To: Q. who wrote (3074)	7/1/1998 5:51:00 PM
From: Nevin S.	Read Replies (1) \| Respond to of 3736

John, thanks for the recap of the earnings report. I don't know if you follow Cymer but I found this on the thread yesterday. It looks like CMP had a tough quarter. exchange2000.com I get updates from DLJ's Semi analyst Robert Maire. Here are some highlights from his latest email report: SEMI-WATCH It's pre-announcement season and we are in full swing. This week started out with two smaller players FSII and General Scanning pre-announcing a weak June quarter followed on Wednesday after market close by Lam Research announcing yet another charge and layoff. This time a full 25% of staff on top of the 14% that was let go in the first quarter. There was a hardly noticed announcement that Applied Materials was putting off its new expansion in Japan. Finished up with Asyst on Thursday after market close announcing a weak June quarter for revenues and earnings coupled with a stock buy back because the shares are so cheap. Asia continues to be the common refrain repeated over and over. The only new twist is how quickly and how weak Taiwan is getting. Jim Bagley said on the conference call that he thought capital spending would be down 30% March '99 over March '98 years. Deep UV is in a "free-fall" state and CMP was weaker than anticipated. The recovery seems to be pushing out into 1999 rather than late 1998.