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

To: ScotMcI who wrote (20220)	11/18/1998 12:05:00 AM
From: Ira Player	Respond to of 25960

There are a significant number of businesses that can no longer operate in the US because of insurance issues. When I was on vacation recently, we wanted to rent a boat to go fishing in southern Alabama. We could not rent a boat. They would charter. But rent to fish by yourself? Too dangerous. Insurance costs made them stop renting. As the actual cost of Fab's climbs at a higher rate than the increased yield they provide, the rate of adoption of the newer technologies must slow. As the cost too insure them also goes up at a higher rate, (adding to the recurring costs and decreasing margins), they will, at some point stop altogether. Competitive pressure will keep it moving for now, since yields do improve and the older technologies cannot be cost effective against the newer. But, it will stop due to economic (and risk) issues. (Anti-aircraft defenses also add to initial and recurring costs. (;^>) Although I personally would rather give the money to the manufacturer of those guns than to those da** insurance companies.) Ira