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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 (3358)5/26/1998 9:48:00 AM
From: olduvai5  Read Replies (1) | Respond to of 4697
 
Scotsman, MEMC's plant at Utsonomiya supplies their Japanese customers pretty exclusively now that the Taiwan plant is online. Net effect of Yen fluctuations is zero. Utso is also another center for 300mm development, but the Japanese are not moving as aggresively in that direction as others.

Overall, a drop in the yen to 150 would be a net negative for WFR as SEH and Sumitomo export a lot of crystal for finishing elsewhere. If that crystal gets cheaper, the wafers do,too.

I think there'll be a general bounce today, but it will quickly run out of steam and we'll be testing some 52 week lows again.

olduvai5



To: Scotsman who wrote (3358)5/28/1998 9:42:00 PM
From: LLCF  Respond to of 4697
 
Everyone was worried when it went from 250 or whatever to 175... then in traded 100! So I wouldnt expect the yen to necessarily have a bottom until there are good fundamental reasons. Remeber they were throwing money out the windows over there trying to get the economy going. IMHO this thing (YEN) is going a lot lower over the medium and long term. This has just started.

DAK


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