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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To: Zeev Hed who wrote (3318)	5/16/1998 11:52:00 PM
From: Chip Roos	of 4697

I also am currently in "lurk" status. MEMC was good to me. As a St. Louisian in Memc's backyard, I bought a few shares at 24 and alot at 28 during the first year the company went public. By sheer luck, I sold at 52 after my wife attended that first annual shareholders meeting and it was announced that the President was resigning to pursue other interests. He walked away from $8,000,000 (if my memory serves me correctly) which he would have been given for staying another 8 months or so. The red flag went up and I sold for that reason alone. I will tell you that in that first year, MEMC was exciting and the talk of St. Louis. The employees had spirit and the company couldn't expand quickly enough. Since then, things have drastically changed. Some of the negatives are beyond the company's control, of course. But I do question the positioning of the company by its management. Anyway, hopefully WFR will someday soon make a great comeback and those of you sitting on the stock will be rewarded for your patience. The shame is that in this type of bull market, you lose by sitting still. Good luck to everyone. I'm always lurking. Chip

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