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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Joe Tokarz who wrote (3741)8/28/1998 9:44:00 PM
From: Zeev Hed  Read Replies (1) of 4697
 
Joe, I am sorry if I caused anyone losses when I said it may go to 10, I surely did not think it will go to half as much. There is really no fundamental reason it should be that low, but the money managers have a simple rule, they do not like to show losers in their folio, so the selling in weak stocks is even greater than the fundamentals justify. I sure hope I'll have enough powder dry to load up when the professionals are finished selling. The fact of the matter still is that the total Si wafers real estate used every year is not going down, but up, year after year, even when the sales of device go down 10% per year, this because the number of chips sold is much greater this year than last. The decline in chip sales is due to drastic decline in ASP (as much as 90% in the DRAM business year over year).

I thought this bare (bear) fact will serves as some weak consolation.

Zeev

Zeev
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