Scott,
Nice post re: VECO. I believe they remain a leading semi and HDD fab supplier, with technology that will still be leading edge at the turn of the milennium (sp?). They are cheap, cheap, cheap in my humble opinion. I have continued to load on more shares through the bloodbath. Unlike so many tech companies, VECO has not once produced lousy earnings nor announced dirty words like "pushout" etc, most recently confirmed between myself and investor relations (Margo) on or about 6/19/96. Yet there thay sit, with a trailing p/e of ~ 10 & a leading p/e (i.e., fiscal 1997) of ~ 7.5, in spite of 30% growth.
Per investor relations ~ 6/19/96, they are "comfortable" with analysts estimates (~$0.34 if I recall correctly) for next quarter. Results due out 7/24/96, though I don't recall whether or not it was supposed to be before or after the close. I think VECO is a definite keeper, though god only knows when the tech bloodbath will end. When it does though, I believe those of us that have suffered through this will be handsomely rewarded.
Do your own research. I'm a doctor, not a technonerd, though nearly all my investments are tech companies. Maybe I don't get it, but I think computers and software will just keep getting bigger, stronger and better, which will drive the tech sector indefinitely. Apparently, the "smart money" has a different opinion. We'll see. Good luck.
Don |
