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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Zeev Hed who wrote (3318)5/17/1998 2:32:00 PM
From: Carl R.  Read Replies (1) of 4697
 
One of the biggest things that changed of course was that in 1996 neither of us expected MEMC to earn much less than $2/share while in actuality they have moved into a loss situation. Contrast them to AMAT which when it recognized a downturn, immediately discharged a large contract work force and laid of some regular employees as well. By comparison, MEMC made no similar layoffs until 2 years later.

Now the question is how quickly they can reverse the losses and return to profitability. If wafer demand does grow by 30% in 1999 as someone here recently posted, then profitability shouldn't be too far away.

Good luck,

Carl
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