A laser maker tries to avoid the beams
Article Abstract:
Cymer's stock has plummeted amid rumors that its lasers are performing inadequately. Since Sep 1997 the stock has fallen to $28.0625, or $56.125 on a pre-split basis, as of late Oct 1997. By comparison, the stock stood at $98.50 in Aug 1997. Cymer, whose lasers help semiconductor manufacturers reduce the size of transistors, characterizes the rumors as exaggerated. Problems began when an undisclosed Japanese company asked Cymer to postpone delivery of some lasers. Smith Barney said Nikon experienced difficulty with Cymer's lasers. Montgomery Securities traced the trouble to Nikon's and Canon's inability to produce wafer steppers and scanners, which are equipment that rely on the Cymer lasers. Cymer earlier in 1997 said it has been working with customers to improve its approximately $400,000 machines. Cymer dominates the industry with revenues of $144.6 million for the first nine months of 1997, compared to $65 million in 1996 and $18.8 million in 1995.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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Computer exhibition purchased; $800 million offer for Comdex in Japan
Article Abstract:
Japanese software vendor Softbank Corp will purchase the huge US computer industry trade show Comdex Fall from the Interface Group for $800 million, instantly making Softbank into the dominant trade show operator. The deal will also include 16 other trade shows including Windows World, Uniforum and Comdex shows in other countries. Comdex, held in November in Las Vegas, is the computer industry's premier trade show, drawing 200,000 people and 2,200 exhibitors in 1994. It was founded in 1979, and has grown along side the industry. Some industry observers contend that Softbank paid too much for the property because it has almost reached its size limit. Also, many computer industry companies complain that the show has become far too expensivepaving the way for competitors. To finance the purchase, Softbank will issue two million new shares of stock, worth about $300 million. The additional $500 million will be borrowed.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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Computers let Japan's drivers play in traffic
Article Abstract:
Japan has the most wide spread use of car navigation systems. These systems are becoming very complex and now include entertainment aspects as well as car information. With television, video games, data and other options, these systems are making cars into a home on wheels for consumers. Navigation systems retail at approximately $2,000, however car multimedia is the biggest craze in Japan. Mercedes-Benz is marketing an S-class car in Japan with a navigator system which automatically updates traffic conditions every five minutes through a cell phone. Toyota Motor and Honda Motor are also introducing cars with navigation systems. The US is expected to follow Japan with the adoption of these navigation systems, beginning with displays in rental cars.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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