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

To: Carl R. who wrote (4369)	5/10/1999 8:04:00 PM
From: olduvai5	Read Replies (2) \| Respond to of 4697

Carl, I think the bond market is pricing in the expectation that the Fed will raise at the next meeting. I believe there wouldn't be any tears shed in St Peters should VEBA dispose of the excess of their position. It has been an excruciating experience for them. There is a definite pickup in Taiwan, and now Samsung has dropped the other shoe as well. If they can get the capital to finance the 100% increase in capex they're announcing, it will be enough to bring capacity back in line with demand in Asia. WFR then could be back at break even again by Q2 00. I don't really expect any definitive move by the equipment group before Aug. There'll be the occasional hotspot (like SFAM last Friday). Lots of people are champing at the bit and will pile on the momentum wagon, but there just isn't any reason to get hysterical yet. JMHO olduvai5

To: Carl R. who wrote (4369)	5/11/1999 1:41:00 PM
From: All Mtn Ski	Respond to of 4697

VEBA AG Says New Report On MEMC Sale is Untrue ST. PETERS, Mo.--(BUSINESS WIRE)--May 11, 1999--MEMC Electronic Materials, Inc. (NYSE: WFR - news) today confirmed that a report by a German magazine, that VEBA AG was planning to sell MEMC, is untrue. ''I have spoken with executives of VEBA AG who insist that the statement published in the news media on May 10 indicating that MEMC Electronic Materials, Inc. is for sale is not true,'' says Klaus von Horde, President and CEO of MEMC. MEMC is a leading producer of silicon wafers in the world. The silicon wafer is the fundamental building block of semiconductors, which, in turn, are found in virtually all electronics applications, including computers, telecommunications equipment, automobiles, consumer electronics products, industrial automation and control systems, and analytical and defense systems. Headquartered in St. Peters, MO, MEMC operates manufacturing facilities directly or through joint ventures in Italy, Japan, Malaysia, South Korea, Taiwan and the United States. biz.yahoo.com