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: Andrew Vance who wrote (4177)	2/8/1999 10:01:00 PM
From: Zeev Hed	of 4697

Andrew, that was basically my premise last year in calling WFR a $100/share stock at the end of 2000. In the meanwhile, the recession in semi was twice as long and possibly twice as deep as normal semi recessions, WFR lost so much money that a good 30% dilution is unavoidable, the 300 program has been delayed by a good two years, thus all these are leading me to reduce my old forecast to $37 to $50 by the end of 2000. At least, I told every one we are going to $10 (and completely missed the collapse to $3) before any of these good things happens. But right now, at around $8, I agree with you that the price is quite right. Ya, it could become a little "righter" if we get a spring relapse in the semis (which I expect), but we may not have any such relapse at all either. Zeev

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