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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (40125)	9/11/2008 1:05:06 AM
From: Gottfried	Read Replies (2) \| Respond to of 95617

Don, re WFR: Zeev used to say "if fundamentals and the chart don't jibe, go with the chart". The fundamentals looking forward are probably too optimistic. Thanks for the post!

To: Donald Wennerstrom who wrote (40125)	9/11/2008 12:18:36 PM
From: The Ox	Respond to of 95617

Here's another reason for the selling in WFR: MEMC Provides Update on Hurricane IkeLast update: 9/11/2008 11:36:00 AMST. PETERS, Mo., Sept 11, 2008 /PRNewswire-FirstCall via COMTEX/ -- MEMC Electronic Materials, Inc. (WFR) today provided an update related to Hurricane Ike. The company reported that it has started taking safety precautions at its Pasadena, Texas facility in preparation for Hurricane Ike. As part of these precautions, the company has started shutting down operations in preparation for the heavy weather which is currently projected to impact the area. Operations are anticipated to resume early next week, potentially resulting in approximately a five day impact on polysilicon production at this facility. This degree of impact for unanticipated circumstances was contemplated in the range of financial targets provided in the mid-quarter update on September 2, 2008. Should circumstances change significantly, the company will issue another press release.

To: Donald Wennerstrom who wrote (40125)	9/11/2008 4:02:58 PM
From: Jacob Snyder	1 Recommendation Read Replies (2) \| Respond to of 95617

Hi Don. I haven't posted for years here, but things are getting interesting. re: PEG is 0.23 (for WFR). This is an incredibly low number. A stock's valuation is partly determined by company-specific expectations. Just as important, though, are sector and market expectations. WFR is just following a longterm market trend of declining valuations. In mid-2002, the S&P 500 PE (using trailing 12-month earnings) peaked at 44. Since then, the PE has been steadily declining, now at 15.5, the lowest valuation since 1995. For 40 years before 1995, the S&P 500 was usually in a PE range of 10-20. So we are now, finally, back in the middle of the historical range. Today's valuations are normal: not high, but not especially low either.