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Technology Stocks : Veeco Instruments-Who?
VECO 29.43+0.6%9:59 AM EST

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To: orkrious who wrote (1791)2/6/1999 10:05:00 AM
From: Carl R.  Read Replies (2) of 3069
 
I agree that the volume implies that the secondary has been placed. I believe that Merrill was supporting the price and reiterating their "buy" rating to try to keep the price stable after the secondary. The fact that Merrill has eaten a lot of shares means that eventually they will have to place those (i.e. sell them) as well, limiting upside potential from here.

Now the big question is how long it will take for VECO to announce an acquisition, and who it will be.

Carl
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