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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (15873)	6/13/1998 10:43:00 AM
From: Chip Roos	Respond to of 18056

Hi Mohan: Actually things are great with our business. Our factory is in China and nothing has really changed as a result of the Asian troubles. And in the US, we have a great little niche and a unique strategy - we offer a good value as a decent price and do everything we can to make things easy and profitable for our customers. Funny thing is that it works! I've been watching WFR and once again thank the lord I was lucky enough (and smart enough) to bail when it was 50! It's ashame as to what's happened to the company. An article in today's St. Louis paper has the analysts speculating that the company will survive and be well positioned when the Asian crisis is over....sometime next year. Probably well to wait on WFR. Incidentally, I saw an article in a magazine (I think Worth) that highly recommends HOLX, another of our past favorites. I hope all is well with you. Thanks for the reply. Chip

To: Cynic 2005 who wrote (15873)	6/13/1998 11:21:00 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 18056

MMV, if you followed the WFR thread, the recent decline was not really a surprise. I kept saying it will go to 13 with a possible spike to 10. I also kept saying (and still am) that it has a solid chance of being a $100 stock by the end of 2000. In-Stat sees a growth of 17% in chips sales in 1999 vs 1998 and 24% in 2000 vs 1999 (actual numbers and forecasts: 1995 $144 Bill. 1996 $132 Bill 1997 $137 Bill Forecasts: 1998 $137 Bill 1999 $161 Bill 2000 $199 Bill 2001 $262 Bill (Source: Semiconductor International, June 98 Issue page 17) In my opinion, it will be the visibility of twice the Chip volume in 2001 that will drive WFR to a PE of 25 on a forecasted profit of about $4 share in 2001 which will drive the stock during 2000. We are talking about almost twice chip sales in 2001 vs 2000 which due to lower prices will means more than twice Si real estate sold. I think that while the stock could still drop to $8 or so between here and early November (probably a double bottom with the first bottom in the next two weeks and the second one late October/early November), it is becoming a buying scream and if nothing else a "value play". Zeev