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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 (3397)	5/31/1998 10:15:00 PM
From: Zeev Hed	Respond to of 4697

Right now, I do not think AMAT is going to 11, if that is what you are asking, but 25 or thereabout, could be. In any event, I think that near term even 25 is too bearish. I think that the current tech decline is just about over, maybe another week, three at most before we set a bottom in the techs, IMHO. Once the actual results of the current quarter start coming in in late August early September is when we will probably see the beginning of a severe decline in the techs. Exact timing is tough because of the fluid situation in Asia. Zeev

To: Scotsman who wrote (3397)	6/1/1998 7:30:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 4697

Scotsman, I don't really think that AMAT is going to 11, my point was simply that it is not impossible. My point was that this time around the plunge in sales could be sharper than last year. Looking at AMAT in particular sales could drop back to the 800M level or so for the last two quarters of the year, and that could imply significantly lower prices than what we have today. 11 would be ridiculous, just as it was two years ago. Carl