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To: Prasanna L Soni who wrote (15353)	8/24/1998 11:23:00 AM
From: Andrew Vance	Respond to of 17305

AV--I have no desire to be buying even more shares of this stock at this point. Any more shares and I might have to file with the SEC<GGG>. WFR has Japanese Competitors like SEH and I beleive the Germans Wacker. I do not have the list handy but there are about 5-7 wafer suppliers worth mentioning. the problem is that they all put so much additional capacity on line at the same, expecting new 200mm fabs to be built, cashing in on the new 300mm initiative and an expanding IC manufacturing sector. The basis for a vast majority of the ICs produced today is the silcicon wafer substrate it is built on. For the long term investor (College fund for the kids 3-5 years out) this makes a very attractive investment prospect. I have heard the $100 figure many times but I wiuld say $40 to $70 just to be conservative. Eventually we will have a shortage of silicon again since it goes in cycles. As soon as the excess capacity is used up, you willsee spot shortages for months or even a year or so. Then s new round of expansion will occur. Wafer expansion is a large step function event when the new plants come on line. WFR's losses are mounting up but I just cannot see it going under. They supply a great deal of wafers to the global IC manufacturing community. As the industry turns and the fabs ramp up again, this almost becomes a rage to riches story. Andrew