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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gary Burton who wrote (24288)	9/15/1998 1:01:00 PM
From: j g cordes	Respond to of 70976

Gary, ASYT (off topic).. given your analysis of its value, the real question is when do we bottom and turn up. Nothing else matters if these stocks continue to slide. Comments welcome, and of course this applies to AMAT, CYMI, NVLS.. KLIC KLAC PLAB DPMI SVGI et al. thanks for your timing.. Jim

To: Gary Burton who wrote (24288)	9/15/1998 1:42:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

OT re CYMI to MH,GM,Gary, BK: 1)CYMI is down because pissed-off investors who bought (while insiders were selling at the top) are suing. Also, the layoffs are announcing that management thinks the upturn is a long way off. These two things are really just consequences of general sector conditions. 2) Everyone hates small-caps 3) The important question is, compared to ASYT or other semi-equip small-caps, how strong is their balance sheet, and how strong is their franchise? Answer: CYMI does have a lot of debt, but it is all long-term debt that won't be due before 2004. The downturn won't last that long. They have plenty of cash on hand to continue R&D, and are not burning cash even with today's conditions. CYMI has a franchise better than AMAT's. Their employees have most of the available world-wide talent for making DUV lasers. Maybe someone could compare that with ASYT, which I don't know much about.