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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (29980)	5/9/1999 8:15:00 PM
From: Andrew Vance	Read Replies (1) \| Respond to of 70976

It's very hard for WFR to show any strenth when more than 70% of the stock is in VEBA's hands and VEBA is looking to sell off this entity. With very few shares in the avaiable float and with a possibility this could turn out to be another Quaker Oats-Snapple debacle, only time will tell. Remeber that VEBA was alarge shareholder to begin with and that WFR was an IPO at $24 a few years ago. It is indeed an interesting puzzle since we have just gotten more confirmation that many of the fabs are ramping capacity and getting back to historic levels. The Tasil wafer facility should be cranking up and be less of a losing proposition these days. And of course, there might be trouble for WFR as the Isonics wafers that are being tested by AMD for production worthiness. I think with such a small float and small trading volumes, WFR is languishing between $6 and $7 until somethingmore solid pops up. BTW- $6-$7 is a 16% swing and is not a bad roller coaster to ride a few times to generate additional profits. As far as TSM is concerned, I personally think it is market stupidity and that 6 months from now, people will be kicking themselves in their bottoms for passing up such an attractive entry price. The market is sometimes inefficent and downright stupid. I think this is one such time. Andrew Vance RadarView Newsletter stepman@hotmail.com