Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 33.82

+2.2%

Jan 12 3:59 PM EST

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To: Stitch who wrote (1446)	8/27/1998 9:01:00 PM
From: Zeev Hed	Read Replies (3) of 3069

Republic bank (in NY I believe) just took some $150 MM write off today on its loans to Russia. Luckily, they have the reserves to do that. Some German banks, if forced to take a bath, could cause a domino effect in the German banking industry, that will take down France and other European Bank. The question is that of "Confidence" if the confidence of depositors in the banking system is shaken, you will need a major rescue effort to rebuild such shattered confidence. That said, I took another position in VECO today and got a better price than yesterday. Do I still want it? Zeev

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