Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 31.78

-3.9%

Jan 8 3:59 PM EST

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To: orkrious who wrote (1871)	2/17/1999 10:25:00 PM
From: Carl R.	of 3069

Actually Jay, your graphs make something clear. That is that VECO is being valued with the drive sector, which clearly is reasonable since 2/3 of VECO's business is tied to the drive business. Check out these graphs: techstocks.com techstocks.com You will note that VECO clearly fits better with the drive sector. Here is an interesting note, however. AMAT is currently selling at a P/S ratio of 9, which VECO has a P/S ratio of 3. If you toss out the 2/3 of VECO's sales that are related to drives, VECO would be selling at a P/S ratio of 9, the same as AMAT. What sense does that make? Is VECO's business in the drive sector worthless? Or is it the semi-related business that is worthless? Clearly VECO should be treated as a hybrid, part drive business, part semis. As long as VECO keeps posting a positive BTB and positive earnings, the stock will eventually recover. Carl

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