Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.29

-3.5%

Nov 13 3:59 PM EST

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To: Donald B. Fuller who wrote (2811)	5/3/2000 9:40:00 PM
From: B.G. Mayers	Read Replies (1) of 3069

"Braun quoted in CBS marketwatch" Hardware Heaven updates Veeco cites 'ion beam' demand By Michael Baron, CBS MarketWatch Last Update: 4:10 PM ET May 3, 2000 Hardware Report NEW YORK (CBS.MW) -- Citing surging demand for his company's ion beam deposition systems, Veeco Instruments' (VECO: news, chart) Edward Braun, chair and chief executive, said Wednesday the company expects annual sales to climb to $520 million in 2001 and $1 billion in 2005. He reiterated that sales this year are expected at roughly $300 million. The ion beam deposition systems are used to make optical telecommunications components. Braun put the growth of Veeco's metrology business at 15-20 percent over the next few quarters and said that the company's data storage business, where order delays led to a disappointing first quarter, will continue to be flat.

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