Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 28.08

+2.5%

Nov 24 3:59 PM EST

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To: Scott Maxwell who wrote (40)	7/19/1996 6:09:00 PM
From: Scott Maxwell	of 3069

Correction, Varian downgrade was Oppenheimer. For perspective, the Siemens order is about 70% of recent quarterly revenue. If they achieve similar penetration with other semi manufacturers, which seems likely since the microscope is uniquely useful and protected by their licensed IBM patents, this product all by itself can drive revenue growth for the next few years. And of course there are several other leading-edge products. Veeco ought to be valued at a PE nearer its long-term growth rate of 50%, which would place it upwards of 40. I think this is one of those cases where lack of analyst coverage creates bargains.

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