Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.23

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Nov 26 3:59 PM EST

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To: Carl R. who wrote (2508)	10/27/1999 1:26:00 AM
From: Donald B. Fuller	Read Replies (1) of 3069

From their (VECO) press release: "Diluted earnings per share for the third quarter of 1999 was $0.39 per share, a 34% increase over the $0.29 per share reported in the third quarter of 1998" It was actually better than this considering: (a) ~10% greater shares this period c/w last (b) much higher income taxes c/w last year - about $0.09/sh higher (c) Higher R/D spending (another ~$0.05/sh higher) B/B of 0.82 this Q is a concern but I think we need to recall that they are still a rel. small co. that sells expensive pieces of equipment to a relatively few customers, leading to volatile B/B possibilities. If they get punished over this issue I'll be increasing my VECO position. I think their long term prospect is brighter than ever, esp considering Ion tech. Don

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