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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Zeev Hed who wrote (3978)10/22/1998 4:36:00 PM
From: All Mtn Ski   of 4697
 
Zeev,

MEMC's S-3 indicating that 1999 will not be profitable should not be too big of a surprise. In my September First Call book it has 3 analysts looking for a 1999 loss of $2.40. I don't know if a profitable 4th quarter was factored in to those assumptions. With people now saying 1999 will be a better year for DRAMs and in 2000 there could be a shortage, perhaps returning to profitability toward the end of 1999 is possible. As a shareholder I certainly hope so, but as an investor I have learned not to listen to forecasts and expect the worst.

Tom
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