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

To: eric steimel who wrote (18848)	7/30/1998 3:47:00 PM
From: acidman	Read Replies (1) \| Respond to of 25960

<<<That their competitors are 6 months behind cymers 5000 series product?>>> LOL. edgar-online.com do a word search for "laser"... "* SVGL has qualified an additional source of lasers for its current and future versions of Micrascan systems, allowing the potential for the integration of such lasers into its system configurations.* I like that "current and future" phrase. Have you checked out their Micrascan III. .18 Micron and below. Looks like the competition is already here.

To: eric steimel who wrote (18848)	7/30/1998 3:57:00 PM
From: Master Yoda	Respond to of 25960

re: shorting CYMI based on PE In the very long-term if we assume a company with NO YTY growth, PE is a very important metric because it reflects a % returned to investors in the form of potential dividends. For example, a PE of 10 in this situation would indicate a 1/PE return (10%) to the investors. For a small cap stock - like CYMER - or for Internet stocks with great potential market growth - the CURRENT PE's mean very little. Rather, the stock trades at a multiple of EXPECTED future earnings - so shorting or buying at this point based on PE alone is foolish unless you have a good understanding of how SMART MONEY is viewing the longer term prospects for the stock. Of course, we all know this. In the case of AMZN, YHOO, and XCIT - had you made a decision to short based on PE alone - you'd be bloody deep in the red. For those stocks, I believe the SMART MONEY is looking at the rate at which the Internet is growing (doubling every 3-4 months) and coupling that with the limited amount of technical programming capital to yield a premium on these stocks future potential. An analogy could be drawn with CYMER, who is catering a CRITICAL PRODUCT to a very large GROWING semiconductor market ($150B-200B), while possessing a choke hold over 50% of the world's best laser nerd talent in the business.