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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Cynic 2005 who wrote (439)6/28/1996 3:03:00 PM
From: Dave Madden   of 4697
 
I remain bullish on the stock for the following reasons:

1) While there may be a cyclical low in semiconductor sales for the second quarter of this year, unit volumes continue to increase, while there is a time lag in the corresponding production of wafers.

2) The company has indicated that there will be an increase in average selling prices for the second quarter over the first. If this is true, it will translate directly into increased margins and earnings for the company.

3) There is short term pressure on the entire semiconductor sector based on earnings fears. Much of this is already priced into the stocks.

4) While it is true that JP Morgan crossed a block of the stock, it was crossed clean, meaning that another JP Morgan client was the buyer.

5) Today's rally in the bond market is likely to forestall any major correction in the market generally.

Differing opinions are what makes a market. Only time will show the result.
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