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Technology Stocks : Veeco Instruments-Who?
VECO 30.35-0.8%3:59 PM EST

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To: A. Wayne who wrote (2844)7/13/2000 9:41:06 PM
From: Zeev Hed  Read Replies (1) of 3069
 
Actually, if it keeps its current momentum it could. However, it is valued at 66% higher than what NVLS is valued (based on next year's earnings forecast) at, and NVLS has a better intrinsic growth rate, thus I think that the current price makes it overvalued relative to its peers. I expect many of its peers to get close to their yearly highs, and VECO could do the same, but frankly, I for one felt that $100 is fair value when NVLS trades at $60 and unless we get a major retrenchment (back to the $85 to $90) I am not getting back in.
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