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: John Cuthbertson who wrote (3639)	7/17/1998 4:24:00 PM
From: olduvai5	Read Replies (1) of 4697

Hi John - stock prices. Earnings will start to turn up in 2nd Q 99 probably later in the Q. Orders and sentiment will bottom out concurrent or slightly ahead of stock price bottom. Most of this capital equipment takes 60-120 days to build and ship. Revenues are booked at time of sale by some cos., at time of ship by others. There is typically a 10-20% hold back for tool acceptance. 80% is invoiced at shipment time, 5-10% at hardware turn on and the balance after acceptance criteria are met. Although everything is quite gloomy right now, there re a number of shells built and unequipped, so we don't have to wait for new buildings to be constructed for orders to turn. The recovery can have a sharp initial rise, then which sets us up for a scenario like the start of 97, when we had those wonderful 2 and 3 baggers in 3-5 months. It's going to be a bumpy road between now and then, and lots of wheels will be falling off the cart! olduvai5

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