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

To: Paul V. who wrote (2771)	12/7/1997 5:01:00 PM
From: Scotsman	Read Replies (2) \| Respond to of 4697

I think you have to look fairly long term for this company. In the short term, ie, the next 6 months, I don't see any major moves to new highs. Now, it may move up to 25 or so, but we may not see the 40's again. But after the summer I think the stock should start to climb. If you skip the short term and look longer out, it should be great. Based upon the comments made on this thread in the past, 1) It has gained market share from about 21% two years ago to over 30% now. 2) The silicon market is growing very fast, probably ove 30% a year. 3) They have a piece of just about every wafer facility going up outside of Japan. 4) They are making good moves in technology, although there is some disagreement where they are in repects to the 300mm wafer intro. 5) The Asian problem should make people over there think twice about entering the wafer market with new capacity. At least it will push it out. and finally its trading really cheap, close to book. I like things close to book as they have limited downside and great upside. Be patient. All things come to those who wait.