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: Donald B. Fuller who wrote (1299)	11/24/1996 11:30:00 AM
From: Zeev Hed	of 4697

Donald: This bounce was expected and when it hit 17 I did say it will go back to the low 20', WFR is actually acting better than I expected, however, after the somewhat euphoric recovery in the semi equip. suppliers of late last week, due to the "relief" that the recession is over, what will happen if we now go back to sub 1 BB? The dram business is still the leading influence on the wafer suppply picture and the dram business is not recovering. I am not bullish yet on WFR, and am still expecting a washout to sub book value prices. Notwithstanding these negative remarks, I still see WFR above 100 before the end of the century. Those with steel stomach should stay the course. The weak nellies, like I should hold off. Zeev

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