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

To: Rob C. who wrote (20010)	10/26/1998 4:58:00 PM
From: blake_paterson	Respond to of 25960

Cymer Announces Third Quarter and Nine Month Results for 1998 investing.lycos.com

To: Rob C. who wrote (20010)	10/26/1998 5:04:00 PM
From: blake_paterson	Read Replies (2) \| Respond to of 25960

Uh oh... <<"We are facing challenging market conditions that are expected to continue in the near term," cautioned Robert Akins, president and chief executive officer of Cymer. "Total shipments of new lithography units in the third quarter declined by 25 percent, evidence of reduced chipmaker demand. Additionally we have seen a further build up of laser inventory among our direct customers. Therefore, we expect total laser systems shipped for the fourth quarter of 1998 to decline by 18 to 22 percent as compared to those of the third quarter. As a result, at this point in time, we anticipate overall revenue to decline 16 to 20 percent in the fourth quarter and estimate a net loss of between ($0.15) and ($0.20) per share (diluted). This loss may include inventory writedowns resulting from rapidly changing customer product mix demand.">> I had my valuation calcs based on $0.03 PROFIT next Q :( More importantly: NO MENTION OF THE REORG. CHARGES. WHERE ARE THEY?? BP

To: Rob C. who wrote (20010)	10/26/1998 5:11:00 PM
From: Wheats	Read Replies (1) \| Respond to of 25960

It's clear Semi Equip industry has not hit bottom despite upgrades and bullish analyst comments late last week. Last I saw Book to Bill was at about .57. In addition, AMAT is having a 15% personnel reduction; you don't do this if you think you are near the bottom. No doubt technology will eventually force Semi Companies to upgrade their fabs to tighter geometrys -- but who knows when that will be. Bottom line: CYMI is good long term, probably not short term. It also bothers me when a company halts trading as it adds a hit of drama that is unnecessary. Also, remember AMAT will have a nice Q4 loss -- CYMI joins the club.