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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Michael Dunn who wrote (4364)5/8/1999 12:05:00 PM
From: Zeev Hed  Read Replies (1) of 4697
 
Michael, quite strange that VEBA would increase its position to 70% of WFR just to jettison that investment so soon thereafter. Either they think in term of a year or more and hope that they can get much more than the $7/share or so, or they knows something about WFR's condition which is not very good. I was just going to start and turn warmer to ward WFR because of what seems to be a turnaround in the pacific foundry's business where WFR is relatively strong and where they have, I believe some excess capacity that can be put to immediate and profitable use. I'll have to wait and see, apparently.

Zeev
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