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

To: KiWi who wrote (3200)	3/26/1998 10:50:00 PM
From: Scotsman	Respond to of 4697

I find this very strange as MEMC will not report until the 23rd of April. This is after expiration of April options. So unless, like you say, someone knows something we don't, this looks like a bad gamble. I doubt very much it would be an insider doing this as this is a major red flag at the SEC if it does pop, so I would think this is another victim of the Sirens. Also I was very puzzled about the large volume spike we had about 3 weeks ago. This had to be the share buyback we have heard they were going to do. What impact will this have on EPS? Have the analysts taken this into account with their predictions?

To: KiWi who wrote (3200)	3/26/1998 11:00:00 PM
From: Scotsman	Respond to of 4697

Hey, I'm on a roll with related stuff. Mitsubishi Electric to cut yr to March 1999 microchip capex to 50 bln yen TOKYO (AFX-ASIA) - Mitsubishi Electric Corp said it will cut its year to March 1999 microchip division capital spending to 50 bln yen from 90 bln expected in the year to March 1998. Of this total, it said it will cut year to March 1999 spending on the offshore microchip division to 3 bln yen from 30 bln planned in the year to March 1998, with spending on domestic microchip activities cut to 47 bln yen from 60 bln. In the year to March 1999, it said it sees microchip division output totalling 540 bln yen, up from 510 bln expected in the year earlier. Of the total, Mitsubishi Electric said it sees output of memory chips falling to 150 bln yen in the year to March 1999 from 175 bln yen expected in the year to March 1998, with output of microcontrollers and application specific chips to rise to 280 bln yen from 230 bln. The balance of the output will be composed of power microchips, with year to March 1999 output here to rise to 110 bln yen from 105 bln expected in the year to March 1998, it said

To: KiWi who wrote (3200)	3/26/1998 11:03:00 PM
From: Scotsman	Respond to of 4697

Here's some more. These posts may not be directly related to WFR, but they show there is a slowdown in expansion and production taking place, just the think to cure our current glut problem. Mitsubishi Electric (6503) To Shut Some Semiconductor Production Lines TOKYO (Nikkei)-Mitsubishi Electric Corp. plans to reduce semiconductor production at its Kumamoto and Fukuoka factories in fiscal 1998, including a cut in scheduled output of 64-megabit DRAMs, a company official said Wednesday. The firm will suffer a loss in fiscal 1997 owing mainly to a 60 billion yen deficit in the semiconductor division. Fiscal 1998 should see the company move back into the black if it can reduce the loss on semiconductor operations to 40 billion yen. Two out of three lines at the Kumamoto facility will be used to make electrical appliances instead of semiconductors. It will be the first production line suspension for chips in 13 years. Semiconductor output at the Fukuoka plant will also fall. Total savings should reach 10 billion yen per year in electricity bills alone, a company official said. Monthly production of 64-megabit DRAMs will drop to 1 million units from 4 million at present.