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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: All Mtn Ski who wrote (4632)4/4/2002 5:47:05 PM
From: John Cuthbertson  Read Replies (1) of 4697
 
Hello? Anyone still out there?

On March 28, MEMC announced their results for FY 2001. They also announced that in the first quarter of this year, they expect volumes to be up sequentially from last quarter, and that operating profit should be near break-even for the quarter. They also announced that 300 mm wafer production has moved from pilot line status into full-scale production. Since the announcement came out, the stock has moved up more than $1 per share to about $7, compared with under $2 in September. Anyone care to opine as to the prospects from here?

==John Cuthbertson
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