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: Michael Dunn who wrote (4364)	5/8/1999 1:40:00 PM
From: John Cuthbertson	of 4697

Re: VEBA plans to sell of it's stake in WFR At the moment, I don't think I would necessarily read too much into this. It seems likely that VEBA now holds a bigger stake in MEMC than they had wanted to for the long term, because of the necessity of providing MEMC with financing to make it through this trough of the cycle, and to a probably smaller than hoped-for response to the rights offering. It would therefore not be surprising that they would desire in some time frame to reduce their holding back down to the level that they had originally planned for. Doesn't this seem like a reasonable reading of their situation? ==John Cuthbertson

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