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

To: Curlton Latts who wrote (20906)	2/1/1999 5:28:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 25960

Much as I appreciate Curly, I have to confess I generally take his spin on things with a grain(several pounds<g>) of salt.... BUT, I do believe he's right on this time. I think that the language used in the press release and the language that they will likely use in the cc will be so spartan that it will set up next quarter's results and those thereafter for minor, but, repeated upward surprises. This is how you play the game...take the whuppin' when you have to, play everything close to the vest, but, sandbag enough business and profits that you can always keep the analysts a little off guard. If CYMI retreats significantly in the next few weeks I believe its a good buy...

To: Curlton Latts who wrote (20906)	2/1/1999 5:48:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 25960

Curly, the "whisper" was breakeven, so, unfortunately, the victory is "tainted". Furthermore, they recorded $3.3 MM in tax credits for the quarter, and the transition to 5010 was anticipated with inventories right off. SAs a matter of fact, the inventories level currently might include additional write offs, since it is quite high in relations to current sales rate (as compared to prior year's quarterly sales and inventories levels). I wonder how much of this inventory is systems under qualification at customers, if a bunch of this is that, then it is really not so much of a problem. The more worry some part is that despite cuts in R&D and SG&A the breakeven point will rise to $46 MM per quarter (and they presume that they will not reach this level this quarter as well, after all, they have only $37 MM in backlog, and typically they do not ship more then the backlog in the quarter, so they must expect some rapidly shippable systems, possibly already in inventory). All in all, it seems that the leading edge business in the semi is not as healthy as the rest of the business (where the BTB is now well above 1), this in my opinion is a warning signal (not so much for CYMI holders) for the semi equip. maybe this recovery will have a long leg at the bottom. Zeev

To: Curlton Latts who wrote (20906)	2/11/1999 10:54:00 PM
From: Curlton Latts	Respond to of 25960

The sky's the limit from here on the next leg up as CYMI is acting great. techstocks.com I do not wish to maintain that I or anyone knows the next day's, week's or month's move in the market or this stock. No one can do that. But, CYMI has been and is under accumulation. The stock is "acting right". The group is moving up strongly on a relative basis. Orders are now beginning to roll in at an accelerating pace for the group and for CYMI even more so because it's on the cutting edge of the next generation technology. The fundamentals support it and the industry cycle has the wind in its sails for a strengthening movement. As a result, it doesn't surprise me to see some investor sites with investment valuation prediction models starting to give CYMI forward values in the $200-$300 per share range. This stock can do it baby. Good Luck To Each And All Curly ~~~~~~~^^ [6.6] ......> [_]