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: Bruce A. Thompson who wrote (3836)	9/28/1998 8:15:00 PM
From: Carl R.	of 4697

Well, if they hadn't bought those 1 million shares back at 17 they would certainly have a lot stronger cash position. Then there is the matter of the generous severance packages they offered this spring in order to convince senior people to leave. Why not just pick the ones that they want to get rid of and fire them? For a rich company like IBM to offer severance packages is one thing. For a company in trouble to do so is quite another. The problem for this company is that they don't seem to be very good at projecting what is happening in their own business cycle. They have been very arrogant the whole time I have been following them. And now they are paying the price. Carl

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