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

To: TKB who wrote (3855)9/30/1998 6:42:00 PM
From: Charles Tutt  Read Replies (1) | Respond to of 4697
 
FWIW, I'm back in for 1,000 shares. At $3, they cost me about what 100 shares cost me in my previous foray with this stock; put another way, they cost me much less than I lost on the 1,000 +/- shares I played with last time (which I bought for 30K +/- and sold for 25K +/-). Now I'll just wait for the endgame -- the stock can't lose 10% a day for too long and stay listed. Nor can the company lose $4/year for very long and stay in business. So they'll probably either fix things, get bought, or go under. I admit a favorable outcome is a longshot, but so be it.

JMHO, of course, and not any kind of advice.



To: TKB who wrote (3855)9/30/1998 6:44:00 PM
From: olduvai5  Read Replies (1) | Respond to of 4697
 
Hi Thomas, no - MEMC only makes wafers. These are then purchased by
companies like Intel et al to make chips. They are the number 2 producer of wafers world wide, in terms of volume, but number 5 or 6 in terms of quality. They are struggling mightily to improve their quality image. It may be their only hope for survival.

olduvai5


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