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

To: Curlton Latts who wrote (18365)	7/6/1998 4:54:00 PM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 25960

Curleton, with all due respect, this is the same message that you have been posting for the past nine months--all the way down from CYMI at 47 to CYMI at 14 7/8. And all the while, the knucklehead shorts have been cleaning your plate and the plates of a lot of lurkers and former posters who believed what you were posting. One day you will be right about CYMI. But that day is a long way off. And it has very little to do with the shorts. By the time CYMI once again begins to trade on fundamentals and prospects, the shorts will have cashed in and gone on to other pickings. You write well. Your facts and your vision are distorted, not to mention your analytical prowess.

To: Curlton Latts who wrote (18365)	7/6/1998 10:07:00 PM
From: Apple12	Respond to of 25960

More negative news, seems its just getting worse. "People expected the inventory correction to end in the second quarter, but that didn't happen," says Donald Brooks, president of Taiwanese chip maker United Microelectronics Corp. "I am not particularly optimistic about the next 12 months, except for a light seasonal growth in September." As a result, chip makers have called off an expected $25 billion in spending on new plants and equipment in the past nine months, estimates George Burns, an analyst at Strategic Marketing Associates in Santa Cruz, Calif. He puts capital spending this year at $35 billion, down about 15% from $41 billion spent last year; spending in Korea is slated to drop by 57%, by 23% in Japan, 11% in the U.S. and 4% in Taiwan. Makers of semiconductor manufacturing equipment are in equally dire straits. Lam, one of the biggest tool makers, on June 24 said it will lay off as many as 1,200 workers, or 20% to 25% of its work force, even after numerous temporary shutdowns this year. James Bagley, its chief executive, said in a conference call with analysts that the industry was in the worst shape he has seen. Analysts say there is some hope. The industry could rebound somewhat in the third and fourth quarters if new software such as Windows 98 and new graphics hardware technologies spur stronger PC demand. In memory chips, cutbacks in production and new, higher-capacity chips at some point will bolster prices again. But it is too early to say when.