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

To: jbn3 who wrote (18609)	7/19/1998 7:19:00 PM
From: Anhua Luo	Respond to of 25960

FT: Text of CYMI Interview at CNBC From AOL Board Subject: More from CNBC interview Date: Fri, Jul 17, 1998 6:45 AM From: SParvini Akins says Cymer's customers are semiconductor equipment makers who sell to the chip makers - 3:45 Akins is comfortable with analysts'forecasts for Cymer for the next two quarters - 2:15 SP CNBC - SQUAWK BOX CYMER CEO ROBERT AKINS JULY 14, 1998 Mark: In layman's terms, what you make are lasers, which project light through the mask and on to the chip, right? That's exactly right. We build the laser engine, if you will, that powers the most recent version of lathargraphy tools that pattern every layer on virtually every advanced integrated circuit manufacturer today, a very key process. Mark: Well, the good news is, you've still got 80% or 90% of your market. By the way, we should probably make it clear, too, that your customers would be the ASMs, the Canons, the Nikkons, your customers are within the semiconductor equipment chain, you don't sell to the chipmakers . That's correct. We sell our lasers to manufacturers of lithography tools who then in turn deliver the entire system to the chipmaker itself. We've been able to maintain very high market share through the rise and through this most recent fall in the market, as well. Yes. Even though we sell indirectly to the chipmaker we decide take full responsibility head on for the success of our tools and our technology at the chipmaker's directly. So we've invested very heavily in our global infrastructure to support these lasers. Lasers are in, for the most part, full production use right now busy building some of the 16 megabit and virtually all of the 64 megabit drams in the world today. So, we take that business very seriously and invested very heavily in it. What we're doing is to basically assume that this business, this downturn is business as usual for the foreseeable future and organizing and running our company to manage that level of business. The same time we're investing very highly in some prioritized areas of business for the company, primarily new technology development and new product introduction and even this year and next year we're bringing out new products that are more capable and capable of higher productivity, as well, bolstering the global infrastructure, as i just discussed and investing heavily in our corporate process. After all, we are relatively young company, we just went through revenue growth of more than a factor of 10. And we're engineering our processes to get ready for the next phase of growth when the market does return. Thank you. Mark: Robert Akins, CEO at Cymer, one of the chip equipment makers.