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

To: hcm1943 who wrote (3560)	6/18/1998 10:38:00 PM
From: Scotsman	Respond to of 4697

I guess only time will tell. My personal opinion is 1) that with the Asia situation wafer plants that were planned have been stopped as there is a credit problem. Yet silicon demand continues to grow world wide. At some point demand will catch up with supply, and wafer producers can start to make some money. By definition, they have to start to make a profit or no one will be making wafers. No wafers mean no semi's. 2) The 300 mm wafer will become the standard. This technology appears, and I am no expert, to have been somewhat stifled by the current over supply situation. MEMC appears to be in good position to take advantage of this when it comes to pass. If demand for 300mm wafers really takes off, they can command a premium. So although there may still be a lot of wafers, the ones in demand will be the money makers. All commodities go through periods of over supply, but they also go through periods of under supply. Of course, you can point to gold as a denial of this theory, but eventually it will probably go through the same cycle. Maybe not in our lifetime, but someday. You put your money down and take your chances.