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To: Trey McAtee who wrote (38489)	9/16/1998 12:46:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 53903

No, they really did cut back production. Excerpted from the WFR warning: 09/15/98 Dow Jones News Service (Copyright (c) 1998, Dow Jones & Company, Inc.) ST. PETERS, Mo. (Dow Jones)--MEMC Electronic Materials Inc. (WFR) said ..... Sales at the company's unconsolidated joint ventures are expected to decrease due to ... monthly plant shutdowns taken by certain customers to address excess DRAM capacity. Carl

To: Trey McAtee who wrote (38489)	9/16/1998 12:52:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

trey, it does appear korea learned one thing during their last scam - to not hold as much inventory. it appears they really have cut back. even so, though, with world capacity at 70% (meaning a 50% overnight increase in capacity is doable right now) and prices below net costs, this industry looks dead for quite a while. especially in light of the fact that 50% turns into 200% by the end of 12 months. the koreans best bet, imho, would be a scorched earth policy meant to drive mu out of business. but then, maybe i just don't like applesauce ;-)