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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 (3211)	3/30/1998 10:35:00 AM
From: hcm1943	Respond to of 4697

certainly not going bust in our lifetime (unless silicon is replaced). But there is no need to own it now. If you already do write calls vs your position and don't worry about being called away there will be ample time to unwind if necessary

To: Scotsman who wrote (3211)	3/30/1998 10:46:00 AM
From: All Mtn Ski	Read Replies (1) \| Respond to of 4697

I doubt highly that Veba, with something like $40 billion in sales, would let its 58% owned MEMC Electronic Materials go belly up. A more likely senario is that it buys back the remaining shares out the market, taking it back to being a private company. I think they will let it ride out the tough times, as they will not last forever and Veba can see out past a year. I won't mention book value, but how about a company with a market cap of $630 million and sales of $986 million? Sales per share of $23.86? There are plenty of valuation measures in stock picking and this one looks cheap. HCM 1943 can stay on the sidelines and would be glad to know I own lots of other companies besides WFR. Its the different opinions that make a market, and my opinion is that WFR is cheap and I am happy to hold it. Over the next 5 years I bet it beats any Mutual Fund out there as well as the market and that's good enough for me. Tom