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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 (3787)	9/4/1998 2:47:00 PM
From: olduvai5	Read Replies (1) \| Respond to of 4697

Scotsman, probably look to a loss of 10-15 cents/share. The major blood letting is over for now. Cost reductions are inplace and the hits have been taken. Caveat is the shutdown at Spartanburg. I think they had that covered by contingent money, but if not, it will be another 40-45 cents /share. The uptick in DRAM prices is about where we can believe the trend is real. Unfortunately, this means somewhat fewer wafers used. Producers have not just switched production, they have shut it down. This means lower demand and greater pricing pressures on wafer producers. I wouldn't be surprised if some of these lines start back up again as soon as prices firm a little more, then we get the same cycle all over again! olduvai5