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

To: Scotsman who wrote (3143)	3/18/1998 10:48:00 AM
From: All Mtn Ski	Read Replies (1) \| Respond to of 4697

While we may not see 20 this week, I think MEMC could do better in the latter part of the year, perhaps climbing back up to its IPO price of $24. What the market needs is clear visibility toward future profits, something that may get clearer later in the year. I wouldn't be committing money to MEMC now if I thought it would stay between 15 and 17 all year. I like the fact that more and more semi-equips are warning of lower profits and the book-to-bill for the equips has been going down, reaching a low of .92 in Feb. Too much capacity is the problem and this is the way to fix it. Tom