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Technology Stocks : Veeco Instruments-Who?
VECO 29.230.0%Nov 26 3:59 PM EST

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To: Steve K who wrote (2504)10/27/1999 12:05:00 AM
From: Carl R.  Read Replies (3) of 3069
 
Thanks for posting those numbers again. What a horrible report. I've been following VECO for a long time, and unless they pre-announce, they always make earnings, which they did. However the very, very low bookings come as a big surprise. That explains the weak stock price prior to the Ion Tech announcement. I would expect to see this stock down substantially tomorrow, but I guess we'll find out. I'm still out from having sold at 27 5/8, but I may get another chance to re-enter.

Veeco just don't seem to have the same fire that they had a couple years ago, and they don't seem to be growing at all, as your table makes patently clear. Maybe all those acquisitions haven't been integrated as smoothly as we believed.

Carl
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