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

To: Pam who wrote (42834)	1/20/2009 6:28:43 PM
From: robert b furman	1 Recommendation Read Replies (1) \| Respond to of 95526

OK ms Pamela- I can tell that you are avery discriminating female.That is to say very selective. So if you wanna get picky on my little cash bank PLXT,and poo poo it for declining revenues, as there advanced products get worked into more and more future designs<smile>. Then I bring you Aehr Testwith: growing revenues:http://finance.yahoo.com/q/is?s=AEHR&annual And cash per share of 1.62:http://finance.yahoo.com/q/ks?s=AEHR Trading at todays close of a $1.59. This is a growth stock that is discounting cash and has no debt and growing earnings. In all fairness Rhea Posedel did say in the last webcast that the slow dowen had finally caught up with them and the next 2 quarters had little to no visibility. None the less, Rhea does own just under a million shares (12% for just himself) which I have always liked.His last purchase was a direct buy in the market at 2.60 so we can't say too much for his timing (or mine for that matter)<smile>. This is a grower in a very upcoming sector - thermal burn-in subsystems.Largest customer is TXN and they are expanding this year in the Phillipines - so there may be a sevearl quarter lag. What I like the most is this guy has his life in it and when he says they're undergoing cost savinigs - they make money in the toughest of times. They bottom line that cashless expense called depreciation. Nope, more cash per share than the stock price,no debt and they're growing with a large insider position. This is jewel and I just dare you to pick apart this fine little find!<smile> Bob P.S. I do own it and just added today @ 1.70 - hey I never said I was perfect to the last quarter. This folks is a 10 bagger in 24 months. Remember where you hear it. Bob

To: Pam who wrote (42834)	1/20/2009 7:14:19 PM
From: cluka	Read Replies (1) \| Respond to of 95526

Pam, What cash is called for? What are you talking about? WFR should create another $100MM in cash this qtr. There was no talk of additional investments for this qtr. Even if there is it will come from cash flow. Earnings are coming down, I doubt anyone expects them to stay as they are today. Look at that model from UBS and my commentary. It is a very simple calculation. At $14.50 and a very severe cut to earning you get 13%+ return in 2009 and higher from there on. You show me a company that has a comparable return under such severe scenario.

To: Pam who wrote (42834)	1/20/2009 7:38:39 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95526

Perhaps comparing WFR to INTC was a bit of a stretch, but I was only trying to point out they are a big company in their field. Below are a few excerpts from the latest S&P analysis of the company. <<CORPORATE OVERVIEW. MEMC Electronic Materials, Inc. (WFR) is a global leader in the manufacture of silicon wafers. The company designs, manufactures and provides wafers and intermediate products for use in the semiconductor, solar and related industries. WFR operates manufacturing facilities in every major semiconductor manufacturing region, including Europe, Japan, Malaysia, South Korea, Taiwan, and the U.S. Its customers include virtually all of the world's major semiconductor device manufacturers, such as the major memory, microprocessor, and applications specific integrated circuit (ASIC) manufacturers, as well as the world's largest foundries. WFR's products include prime polish wafers, epitaxial wafers and test and monitor wafers. The company markets its products primarily through a global direct sales force, with about 61% of 2007 sales in the Asia- Pacific region, 24% in the U.S., and 15% in Europe. WFR has a network of customer service and support centers globally. In 2007, Samsung and Yingli Green Energy each accounted for greater than 10% of total revenues. At year end 2007, WFR had 219 U.S. patents and 453 foreign patents. It also had 58 and 275 pending U.S. and foreign patent applications, respectively. Industry consolidation over the past decade has resulted in only four suppliers with market share of greater than 10%.We believe WFR and the other large competitors have an advantage over smaller producers due to economies of scale and their greater ability to invest in R&D and advanced technological capabilities. COMPETITIVE LANDSCAPE. WFR participates in a highly competitive and commodity-like market for silicon wafers. Competition is global and intense involving competitors with substantial financial, technical, engineering and manufacturing resources. Among the six largest global wafer manufacturers, Shin-Etsu Handotai, SUMCO and Siltronic are the biggest competitors. WFR has a granular polysilicon facility in Pasadena, TX, and a chunk polysilicon facility in Merano, Italy. WFR believes it has a competitive and cost advantage over peers, through its ability to manufacture the majority of its own polysilicon, the raw material used in the manufacture of silicon wafers. Sub-Industry : Semiconductor Equipment Peer Group*: Semiconductor Materials Peer Group Symbol Market Cap(M) MMEC WFR 3,313 ATMI Inc ATMI 433 AXT Inc ATXI 38 EMCORE Corp EMKR 100 Entegris Inc ENTG 225 Hemlock and Wacker were never mentioned anywhere in the S&P analysis as competitors or in a peer group. Don