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

To: sammaster who wrote (19549)	9/14/1998 9:43:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 25960

However, due to ongoing cost savings measures, it is currently anticipated that earnings for the third quarter will approximate current Wall Street expectations. We could all speculate by taking a quote out of context. It's clear the company plans to meet Wall Street expectations, even though they have to cut costs to do it. You're right to say they're warning of lower volume in the near term, but what's to say the just-released employment cuts won't compensate the same way current measures are? i think this conference call will be negative... Since many negatives are already out, what specifically are you expecting? There are many shareholders carrying considerable losses right now -- myself among them --- and your pleasure in hoping the price drops further so you can load up seems unkind at best. Pat

To: sammaster who wrote (19549)	9/15/1998 1:09:00 AM
From: space cadet	Respond to of 25960

Nice post, sammaster. I agree with your outlook. Either earnings and outlook will be bad but the price will hold, which means a bottom has been made and you can now get in fairly safely, or cymi will drop some more. As I mentioned previously, at 5 cymi is no longer a hype stock and probably worth the risk anyway. So in either case, whether cymi holds or goes down, after earnings is probably a good time to get in. Incidentally, it probably will be a long hard road going back up. Those hypesters who dream of cymi back in the thirties anytime in the next few years obviously have a great source for some wicked marijuana. After the kind of fall that cymi has had I doubt it will ever get back to its all time highs, for example. For an example of what is in store you might look at cube, another fallen hi-flyer. Now that reality has set in cube trades at a p/e around 13 which is fair and which I think cymi should also trade around. So it will all boil down to earnings. Of course, even if cymi never gets past 12 again that's still an amazing return if you buy it at 5 or 6.