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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Zeev Hed who wrote (4412)7/30/1999 12:26:00 PM
From: Ian@SI  Read Replies (2) of 4697
 
Great conf call by WFR this morning.

Some highlights:

Double digit % growth over prior Q which is expected to continue at least through yearend.

Price declined by low single digit %.

FarEast shutting down capacity, postponing expansions.

Expects +ve GM during 3Q99.

Good feedback on 300mm wafer Quality.

Growth across all geographies except Europe which was "flattish"

GM now -1.2% up sequentially from -8.6%.

Cost Improvements will continue through yearend. i.e. Lower COGS with revenues continuing to increase.

Has $68M working capital with $189M credit available. Book is now $7.03

Expects 300mm volume ramp by 2002, possibly 2001.

6 day backlog (What's this????) upticking a little.

Operating Cash Flow B/E by Y/E likely.

Ian.
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