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

To: John Cuthbertson who wrote (4541)	10/1/1999 4:33:00 PM
From: Zeev Hed	Respond to of 4697

John, as you can see from my "prescient" remark (VVBG) a short time ago, the support area gave up, and now we know why, WFR is on the block, and IMHO it is not going to go at a premium. ASdd to that disruption at their Taisil division, one of the better JV they have, and they will not earn a red one either this quarter. To me it means that if and when they get acquired, they will not go at a major premium. Veba will be happy to dump them at book as long as they can recover the massive debt owed them. Furthermore, the longer it is on the block, the lower the price it will fetch. I am continuing with my clear "Avoid" on this one and IMHO, it is not too late to bail out. I think it has a downside potential in the $8 to $10 area, quite a distance away. Zeev