1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (5529) 

Baron Funds Comments on Cymer Inc.

May 24, 2012 | About:

From Baron Funds' first quarter letter: Cymer, Inc. (NASDAQ:CYMI) manufactures and sells highly engineered laser products into the semiconductor capital equipment (SCE) industry. The ultra-violet (UV) lasers that Cymer sells are used for photolithography which effectively prints circuits on substrate wafers to produce computer chips. Roughly twothirds of the company's business is in recurring revenue services and parts. This is the reverse of Cymer's SCE competitors. The service segment is integrated into Cymer's customers' work processes, which allows for increased system utilization and creates a stickiness for Cymer's products. The company is also developing an important new UV laser product called EUV which we believe has the potential to double Cymer's revenues over the next few years. As the EUV technology is proven out, we believe that Cymer's earnings will increase dramatically. (Randy Gwirtzman)


Rating: 2.3/5 (3 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


amt2100Apr2016-value with buyback
Marty FletcherREITS
Marty FletcherRestaurants
rael22223006
BazBJ Screen April 2016
HattcoP EBITDA
Delta00394cluster buys.3+
Delta00394cluster buys
Marty FletcherBank Stocks
rolandtianBuy screen

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK