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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: orkrious who wrote (2538)	11/11/1999 10:13:00 PM
From: All Mtn Ski	Read Replies (1) of 3069

Fujitsu says not in talks on Seagate takeover TOKYO, Nov 12 (Reuters) - Fujitsu Ltd said on Friday it was not in talks on a takeover bid for Seagate Technology Inc (NYSE:SEG - news), the world's biggest independent maker of computer disk drives. ''We are not discussing a takeover of Seagate Technology, nor considering to bid,'' a Fujitsu spokesman said. The latest issue of U.S. magazine Business Week reported investment sources as saying that Fujitsu has expressed interest in Seagate and was discussing a takeover bid for at least $55 a share. biz.yahoo.com Jay, As long as the drive industry continues with the GMR transition, VECO will be there. Also, the Drive industry is about 60% of revenues, and with the new entry into optics via Ion Tech, that % will decrease over time. I wonder if we are going to see a run on the Drive stocks because of this news... Tom

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