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

To: Zeev Hed who wrote (3978)	10/22/1998 4:36:00 PM
From: All Mtn Ski	Respond to of 4697

Zeev, MEMC's S-3 indicating that 1999 will not be profitable should not be too big of a surprise. In my September First Call book it has 3 analysts looking for a 1999 loss of $2.40. I don't know if a profitable 4th quarter was factored in to those assumptions. With people now saying 1999 will be a better year for DRAMs and in 2000 there could be a shortage, perhaps returning to profitability toward the end of 1999 is possible. As a shareholder I certainly hope so, but as an investor I have learned not to listen to forecasts and expect the worst. Tom

To: Zeev Hed who wrote (3978)	10/22/1998 4:39:00 PM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 4697

Any guess as to when the effective date might be? It appears that WFR has enough cash to go the entire year of 1999 without doing the issue. Bruce

To: Zeev Hed who wrote (3978)	10/22/1998 4:44:00 PM
From: Jonathan Edwards	Read Replies (1) \| Respond to of 4697

Anyone care to make an educated guess as to when the final prospectus is likely to be available (this determines the subscription price, which in turn determines the number of rights to be distributed per share)? Guesses as to the record date for the distribution would also be appreciated. Finally, corrections to the following formula to determine the number of rights per share are welcome: VEBA gets 106M/subscription price (SP) shares. Everybody else gets 94M/SP rights. There are 40,507,216 shares outstanding, and VEBA owns 53.1% or 21,509,332. So the 94M/SP rights are spread pro rata amongst 18,997,884 shares, giving 4.95/SP rights per share...