Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant? -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (4482)	8/14/1999 1:48:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 4697

Zeev, I'm no where near the 'quant' that you are. Essentially, where the situation had been bad and deteriorating, we now have a situation which is anywhere from bad and improving to mediocre and improving. Until this week, WFR had been seriously oversold unless you felt bankruptcy was the destination. While I don't see $50 in the cards, $25 isn't out of the question if price hikes stick; wafer sales volume increase; and costs stay under good control. From the news I'm reading and the info I gleaned from the conference call, I believe that each is a probable outcome. As a wild guess at what you might have missed, it probably has something to do with increased wafer sales volume and the marginal increase in gross margins on those incremental wafers which are being sold at higher prices. Best, Ian.