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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Ian@SI who wrote (4404)6/11/1999 8:39:00 AM
From: Zeev Hed  Read Replies (1) of 4697
 
Ian, you may be right about the news release, I see no sign it was issued by WFR, it could be some chest beating exercise by the supplier.

However, as for the cash situation at WFR, as of March 31, they had only some $15 MM in the kitty after an injection of more than $100 MM of capital from stock issuance (I presume only the VEBA or part of it is included, so some more came in since then). It will not be easy to finance at least another two losing quarters and full fledged 300 mm activities, IMHO. I think that the stock is going to be volatile for some time. It might be an excellent "trading vehicle".

Zeev

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