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

To: Donald Wennerstrom who wrote (45796)	11/9/2009 1:25:08 PM
From: cluka	1 Recommendation Read Replies (1) \| Respond to of 95587

November 3, 2009 S&P UPGRADES OPINION ON SHARES OF MEMC ELECTRONIC MATERIALS TO BUY FROM HOLD Our upgrade reflects valuation, as shares now trade more than 30% below our 12-month target price of $17, which we are keeping. We think WFR will be able to raise prices of semiconductor wafers in '10 and expect solar wafer prices to stabilize or decline at a considerably slower pace than recently, aiding margins. We think WFR's intention to vertically integrate, with its announced intent to acquire SunEdison, will provide exposure to the solar end-market where margins are more attractive, in our view. We note the balance sheet shows over $5 per share in cash and minimal debt. I bought back into WFR, if nothing else volatility will keep me afloat and downside is relatively limited.