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Technology Stocks : Veeco Instruments-Who?

VECO 29.59

+0.8%

3:59 PM EST

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To: Berk who wrote (2017)	4/2/1999 9:24:00 PM
From: Carl R.	Read Replies (2) of 3069

All I can tell you is that AMAT bought Opal and someone else, once they were sure that the bottom was past in early 1997, and did a nice job of calling the bottom. Furthermore, AMAT insiders sold like mad once they knew the top was in, at about 60-80 (pre-split) if I recall. Of course the stock continued on up for awhile afterwards, and is above that level now, but it did go back below that level. I haven't checked AMAT insider trades lately, but it is probably worth doing. VECO also did a good job, acquiring Wyko at about the same time. Neither has made their move this time, though VECO made plenty of comments that smaller players were having trouble staying competitive and providing global service through the downturn, and that smaller players were seeking out larger "partners". The fact that neither AMAT nor VECO have closed any deals makes me apprehensive that the recovery will be as swift as some expect. Carl

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