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

To: Andrew Vance who wrote (30037)	5/11/1999 4:32:00 PM
From: Andrew Vance	Respond to of 70976

My apologies if this was already posted here. I haven't had a chance to catch up on the posts here today. Concerning VEBA's sale of WFR, there was another alternative, apparently. This is the only thing that makes sense. Andrew (MEMC-ELECTRONIC-MATERIALS}(WFR) VERA AG Says New Report On MEMC Sale is Untrue ST. PETERS, No.--May 11, 1999 MEMC Electronic Materials, Inc. (NYSE: WFR) today confirmed that a report by a German magazine, that VERA 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 Bards, 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.