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

To: GREATMOOD who wrote (19485)	9/11/1998 12:26:00 PM
From: Doug Meetmer	Respond to of 25960

There is really no reason people should be down on this stock. It is clear that asia is in turmoil and there is a prolonged slump in the chip industry. Intel's news was good, but it is clear that not much has changed in asia. Applied Materials has announced drastic workforce reductions while at the same time announcing a continued industry downturn. That stock has held up. Cymer is already trading at 20% of its 52 week high-that is enough of a beating. The market is reacting appropriately to their news, which is to support a stock that is taking measures to keep up the earnings, despite falling revenues. Plus, they will be in line with expectations. I think the reason the stock got down this low to begin with is people were afraid that the company would surprise on the negative side, and today's news is somewhat of a RELIEF. Thank you for your time.