Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.03

-0.7%

Dec 1 3:59 PM EST

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To: All Mtn Ski who wrote (2325)	7/29/1999 3:41:00 PM
From: All Mtn Ski	Read Replies (2) of 3069

Well I just got done listening to the CC and came away impressed with management and VECO's business. Some interesting items: GMR is currently 10%-20% of customer's capacity, and is expected to get to 80%-100% very soon. (End of the year?!) Yields on GMR is very low for the customers and the need to improve yields will drive metrology business going forward. Customers want the tools now the make the heads, they will worry about yields later once capacity is over 50%. There were no pushouts in 2Q 99 and expects booking to be roughly $60 mil this 3Q, $3 mil over this quarter. They are looking to do $230 mil this year in revenues. A compeditor has declared bankruptcy in the last 3 months. The GMR evolutionary cycle will last longer than expected. All good news, with the stock at 2.17X Revenues and 2.8X Book, its pretty cheap, IMHO. Good Luck to all. Tom

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