Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.24

-0.1%

Dec 29 3:59 PM EST

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To: Carl R. who wrote (1792)	2/6/1999 6:06:00 PM
From: orkrious	Read Replies (1) of 3069

Carl, re 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. Pure speculation on my part, but I disagree. The only reason that Merrill would accumulate shares is that they expect the share price to increase significantly. Remember, there wasn't much dilution. The # of shares issued has not been increased that much; most of the shares came from individuals. Earnings are due out Tues, 4Q book/bill was 1.2, a very large order to RDRT was booked in January, their semi equip business is about to take off with 300mm fabs soon to be announced. I think Merrill knows what they are doing and is taking a position (as opposed to just trading, buying at the bid and selling at the ask). Jay

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