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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 (3590)	7/1/1998 10:36:00 PM
From: Maverick	Respond to of 4697

This industry is in even more trouble than I thought: news.com And MEMC is encouraging employees to take time off without pay again this summer...

To: Scotsman who wrote (3590)	7/2/1998 11:23:00 AM
From: olduvai5	Read Replies (2) \| Respond to of 4697

Remember, Scotsman, it's not chip sales, but number of chips produced that is the important metric for the fortunes of WFR and the likes of TSM and UMC. It looks like everyone is cutting capital spending and slowing ramps. This means a slowdown in die shrinkage. This means more wafers per given # chips produced. It may help to absorb the big overhang in production somewhat sooner than forecast, but I still expect it will be Q4 98 before the WFR really does more than wander in the wilderness. olduvai5