Cymer CEO Akins Gives Upbeat Presentation at San Diego Growth Stock Forum Sept. 6.

SAN DIEGO--(BUSINESS WIRE)--Sept. 8, 1997--In the face of rumors about alleged problems facing his company, Cymer, Inc. (NASDAQ:CYMI) Chief Executive Officer Dr. Robert P. Akins gave an upbeat presentation at the 1st Annual San Diego Growth Stock Forum Saturday morning Sept. 6.

The Forum, organized by Informed Investors, Inc. of Sacramento, Calif., also included analyst-style presentations from Altris Software (NASDAQ:ALTS) and HNC Software (NASDAQ:HNCS) and a talk by Al Frank, editor of "The Prudent Speculator," a top-rated investment newsletter.

Audio tapes of the Forum are available for $25 from Informed Investors. Call 800/992-4683

On Friday, Cymer shares were down nearly $10, closing at $82, amid concern the company faced unspecified problems which led Chief Financial Officer Bill Angus to skip a semiconductor industry meeting two days earlier. In response to a question from the audience, Akins addressed the situation.

"An issue arose just hours before Bill Angus was scheduled to make that presentation at the Needham Semiconductor Conference in Santa Clara. We did not have any time to evaluate or analyze the issue," Akins said.

"I will say this is the kind of situation, the kind of issue that has arisen in past quarters and the management team has dealt with them," Akins said. "But in this particular case because of lack of time, we deemed it the prudent and appropriate action to not make any further public representations until such time as the issue was analyzed, we had a chance to analyze its resolvability and we had a chance to estimate any impact or lack thereof it would have on company's financial performance and so on and so forth.

"And, of course, in the past 72 hours the management team at Cymer has been actively involved in doing exactly that. We feel that we'll be in a position to provide guidance to the marketplace by early Monday morning with some additional facts on that issue."

In his presentation to approximately 150 individual investors in attendance, Akins described the nature of Cymer's technology and the dynamic business for its products. He also explained why Cymer is confident it can maintain a strong position in its marketplace.

Cymer manufactures deep ultraviolet lasers used in semiconductor chip manufacturing and commands an estimated 80% of the market. Cymer's product sales increased 387% from $17.8 million in the six months ended June 30, 1996 to $86.5 million in the six months ended June 30, 1997. Cymer sold 201 laser systems in the six-month period ended June 30, 1997 compared to 42 laser systems in the six-month period ended June 30, 1996.

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