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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: TREND1 who wrote (629)8/16/1996 8:21:00 AM
From: Mephisto   of 4697
 
Hi Larry!

I saw your chart. Unless the semi-conductors and other tech stocks rally, I believe wfr's share price will drop. This has been the pattern the stock follows after the release of earnings. Doug has also pointed this out to us many times.

Hewlett Packard's earnings may also affect the share price of tech stocks tomorrow. I noticed it was down in after hours trading. One analyst noted in a Wall Street Journal story that he thought Hewlett would recover a dollar or two after investors had a chance to digest the report.

Still, investors may feel confused and unsure of the technology stocks. I haven't heard positive comments from analysts about tech stocks. The analysts recommend the leaders in the field, like MSFT, Intel and CSCO. CSCO had good earnings, but I do not believe their earnings will help WFR.

Analysts have remained negative, especially when it comes to the semi-conductors. And, too many people only think of WFR in terms of what dram prices are doing.

I think WFR is a solid company with good earnings and a bright future. After all, not every company can do what they do. I had not realized until recently that a wafer company has to undergo a lengthy certification process to sell wafers to other companies, like Intel.

I am glad you cover WFR. It is a good way for us to see graphically what the share price is doing. Unfortunately, I imagine we will see another red candle after tomorrow's trading.

Of course, I hope that I am wrong about the red candle that may appear on your chart after tomorrow's close.

Best wishes,
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