Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.23

0.0%

Nov 26 3:59 PM EST

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To: Donald B. Fuller who wrote (2509)	10/27/1999 8:46:00 AM
From: Carl R.	of 3069

The problem, Don, is that the low BTB will just confirm fears that the big sales boost that they have gotten from GMR is largely behind them, and that they are not immune from the problems of the disk sector. Now, where do they go from here? The other problem is of course that with the low BTB analysts will have to lower estimates for the next several quarters. Prior guidance would have called for sales in Q4 between $55-60 million, but now it will probably be more like $45-50 million. I personally was expecting bookings in the $55-60 million range again this quarter, so they weren't even close to my projections. I knew that since they didn't pre-announce, they'd make this quarter, but the weak bookings caught me by surprise. You guys may be right that the current price reflects these problems, but I've seen companies take big hits for less than this. I'll probably just watch for the next day or so and see what happens. Good luck, Carl

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