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

To: FJB who wrote (19532)	9/14/1998 5:41:00 PM
From: orkrious	Respond to of 25960

Let's hope CYMI continues to outperform the smaller semi-equips. If it doesn't... Jay

To: FJB who wrote (19532)	9/14/1998 5:50:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 25960

Though it feels like a small consolation to be down less than other small semi-equips, a bigger consolation is that CYMI should be on the leading edge of the semi equip recovery. That makes it more attractive to hold than some of the others that are more likely to lag a bit. Since smaller line width design seems destined to be a chip improvement that is being adopted ahead of other technologies, CYMI will clearly be a beneficiary. How fast and how much may be open questions, but given the extremely low stock price there is a lot of predictable good news to profit from. Meanwhile, management's prediction that the company should remain profitable this quarter with earnings around consensus estimates should look increasingly good relative to other semi equip companies as we go into the earnings warning season. Baird

To: FJB who wrote (19532)	9/14/1998 6:02:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 25960

Robert, that was exactly my argument for "ratcheting" down valuation on CYMI. It was "overpriced" relative to its "peers" and the combination of the cutbacks (admiting "below plan future sales") with the current spate of law suits (I suggested when the first came that 10 more will follow, well they are), is bringing this stock even lower than what I, as recently as last week, thought it would go. I did not expect this 8'ish price for another six weeks or so. Frankly, I do not have a lower target than 8', which will be twice book and 13 times what were expected earnings for next year. Now, we have to see if these earnings are going to be ratcheted down or not. I would say that waiting on the side lines, and seeing where the new trading range , if any, is established. I would not yet "average down". It might be better off to do that once a new upward move is established. Just my 2 cents. Zeev