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

To: Elroy Jetson who wrote (19678)	9/20/1998 11:19:00 AM
From: sammaster	Read Replies (2) \| Respond to of 25960

cymi is still selling at about twice price to book while other "cutting edge" semi equip stocks with high cash are selling below book like sfam and ipec.... i understand that cymi technology is not accounted for in book value but the markets are discounting everything...like sfam trading for cash on hand, about half book value and they have good technology too.... cymi is way undervalued but one must look at value based too its peers in its industry and looking at it that way cymi is way overvalued.. also i thought that the first quarter of firings and cutbacks actually cost more than the savings because of severance charges and restructuring...so a big one time charge could put cymi in negative earnings territory.... i think there will be another big one day crash like in august....i will buy stocks at that bottom and then sell when they bounce up...this is no time to intitate a long term long position with the market volatility and bad economic news getting worse globally...when this wave hits the US and slows the US down....look out below on these markets.... i think funds are trying to move into cash right now and not cause a panic so many of them are trying to downplay the global effects on the US.... they are selling to the dips(the individual investor) who have been trained to buy on the dips... samir