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

To: Trumptown who wrote (4329)	4/1/1999 5:46:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 4697

Sting-Ray, it may depend a little on the general "mood" in the market. They have really dug themselves into a quite deep hole. If you are to believe Wacker (one of their competitors) the industry is right now operating at 62% of capacity, so before we see any tightness in supplies, the pricing ability will not be there, and WFR has quite a high break even point, I have not recalculated it recently, but last year it was at $240 MM quarterly or so, they have downsized a lot, so that might have gone down, but right now their sales rate is still much below that. Zeev