Peculiar wording of the first sentence. It must have lost a bunch in the translation from German.
I would have expected them to "deny" the story was "true" rather than to "confirm" that the story is "untrue". I guess it's all the same, just a little odd.
Ian.
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Tuesday May 11, 12:33 pm Eastern Time
Company Press Release
VEBA AG Says New Report On MEMC Sale is Untrue
ST. PETERS, Mo.--(BUSINESS WIRE)--May 11, 1999--MEMC Electronic Materials, Inc. (NYSE: WFR - news) today confirmed that a report by a German magazine, that VEBA AG was planning to sell MEMC, is untrue.
''I have spoken with executives of VEBA AG who insist that the statement published in the news media on May 10 indicating that MEMC Electronic Materials, Inc. is for sale is not true,'' says Klaus von Horde, President and CEO of MEMC.
MEMC is a leading producer of silicon wafers in the world. The silicon wafer is the fundamental building block of semiconductors, which, in turn, are found in virtually all electronics applications, including computers, telecommunications equipment, automobiles, consumer electronics products, industrial automation and control systems, and analytical and defense systems. Headquartered in St. Peters, MO, MEMC operates manufacturing facilities directly or through joint ventures in Italy, Japan, Malaysia, South Korea, Taiwan and the United States.
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