Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.34

+1.1%

9:33 AM EST

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To: Zeev Hed who wrote (2314)	7/28/1999 10:50:00 PM
From: Carl R.	Read Replies (1) of 3069

I agree that the management team is nothing short of outstanding. This company is the AMAT of the disk sector. They keep taking more and more market share from the competition, and keep making money while the competition struggles. They keep the R&D money flowing, and the products flowing, and have made very good acquisitions. Myself I have no quarrel with the secondary. I think that they timed it brilliantly. In fact when the stock was at 22 I posted that my only complaint about management was that they hadn't done a secondary when the stock price had previously run up to above 60, and they obviously listened to me and took my advice this time. <VVBG> Now my only complaint is that they didn't do an acquisition or two in January when their stock price was high. <G> Seriously, the management is outstanding. As for being punished for a BTB under 1, the big question is what the street was expecting. If they were fearing a bigger sales drop and bookings of say $45 million then the stock could actually react quite favorably. My guess is that it does because I believe that the street was expecting a pretty bad quarter. Carl

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