MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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

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From: JakeStraw	7/28/2006 11:49:17 AM
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MEMC quarterly earnings rise; raises outlook for 2006 marketwatch.com SAN FRANCISCO (MarketWatch) - MEMC Electronic Materials Inc. (WFR) after Wednesday's closing bell reported second-quarter net earnings of $81.9 million, or 36 cents a share, compared with $40.5 million, or 18 cents a share, in the same period last year. On a pro forma basis, the St. Peters, Mo.-based maker of chip wafers posted per-share earnings of 45 cents. Analysts polled by Thomson First Call had expected earnings of 42 cents a share. MEMC said its revenue rose 36% to $370.5 million vs. $272.3 million due to increased selling prices and a richer product mix. The company sees third-quarter revenue increasing by 5% over the second quarter. For fiscal 2006, MEMC raised its pro forma per-share earnings outlook to between $1.80 and $2.00. The company also raised its yearly revenue outlook to $1.5 billion,

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