Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?

To: All Mtn Ski who wrote (2325)	7/29/1999 3:41:00 PM
From: All Mtn Ski	Read Replies (2) \| Respond to of 3069

Well I just got done listening to the CC and came away impressed with management and VECO's business. Some interesting items: GMR is currently 10%-20% of customer's capacity, and is expected to get to 80%-100% very soon. (End of the year?!) Yields on GMR is very low for the customers and the need to improve yields will drive metrology business going forward. Customers want the tools now the make the heads, they will worry about yields later once capacity is over 50%. There were no pushouts in 2Q 99 and expects booking to be roughly $60 mil this 3Q, $3 mil over this quarter. They are looking to do $230 mil this year in revenues. A compeditor has declared bankruptcy in the last 3 months. The GMR evolutionary cycle will last longer than expected. All good news, with the stock at 2.17X Revenues and 2.8X Book, its pretty cheap, IMHO. Good Luck to all. Tom

To: All Mtn Ski who wrote (2325)	7/29/1999 3:52:00 PM
From: All Mtn Ski	Respond to of 3069

Read-Rite Corporation to Supply Heads to Halo Data Devices MILPITAS and SAN JOSE, Calif., July 29 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT - news) today announced it has entered into a sole source supply agreement with Halo Data Devices to provide heads for use in Halo Data Devices' CompactFlash Type 1 form factor 250 megabyte microdrive. ''Read-Rite's GMR technological expertise and manufacturing capabilities were key factors in our selection of Read-Rite as our head supplier,'' said Gordon Campbell, Halo Data Devices' chairman and chief executive officer. ''We are pleased to secure Read-Rite as a key supplier in our development of the world's smallest disk drive,'' he added. ''The supply agreement with Halo expands our customer base into small form factor storage devices, for use in portable and embedded applications. In addition to the supply agreement, we have taken a small equity position in Halo. We believe there is a significant market opportunity for the microdrive in both consumer and computer applications,'' said James J. Murphy, Read-Rite's senior vice president of customer programs. ''We look forward to working with Halo Data Devices in this emerging market,'' he added. Based in San Jose, California, Halo Data Devices is a privately held company developing, manufacturing and marketing miniature data devices for emerging portable, mobile and embedded storage applications. The company is developing the world's smallest disk drive designed for use by original equipment manufacturers (OEMs) and end users. A seasoned management team consisting of veterans from both semiconductor and data storage industries leads Halo Data Devices. Read-Rite Corporation is one of the world's leading independent manufacturers of magnetic recording heads, head gimbal assemblies (HGAs) and head stack assemblies (HSAs) for disk drives and tape drives. The company is headquartered in Milpitas, California and has operations in Japan, Thailand, the Philippines and Singapore. The company's home page on the world wide web can be reached at readrite.com.