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

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To: GuyNixon who wrote (3641)	7/21/1998 9:58:00 AM
From: All Mtn Ski	Read Replies (1) of 4697

Good News?!? Sumitomo delays U.S. plant expansion ALBUQUERQUE, N.M. A planned $265 million expansion of the Sumitomo Sitix Silicon wafer plant here has been put on hold and the plant will be shut down for a week in August, it was reported here recently. "We've slowed down a little bit with everything that's going in the semiconductor industry," said plant manager Keith Hampe. "Our business has slowed down. We thought it was wise to slow down the expansion." The plant employs about 160 people. The expansion would have added about 330 more jobs. Hampe said neither the expansion delay nor the August shutdown will result in job losses. Employees will attend off-site training classes during the shutdown. "We see this as temporary," Hampe said, adding that the expansion is should resume sometime next year. "It's all still going to happen." pubs.cmpnet.com

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