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

To: All Mtn Ski who wrote (2326)	7/29/1999 4:45:00 PM
From: Z Analyzer	Read Replies (2) \| Respond to of 3069

<<GMR is currently 10%-20% of customer's capacity, and is expected to get to 80%-100% very soon. (End of the year?!)>> With right now being the time of maximum push to transition to GMR, what happens after that? Do continued advances in GMR provide as much business as the initial switch? In other words, are these the best of times? -Z

To: All Mtn Ski who wrote (2326)	7/29/1999 9:49:00 PM
From: Carl R.	Read Replies (2) \| Respond to of 3069

Thanks for the summary. Management of this company has always been honest, and pretty good at forecasting. Thus I think that their goal of $119 million for the second half is realistic, and that implies some growth, although not rapid. The bankruptcy of a competitor also confirms what I have said, that they like AMAT have taken significant market share during this downturn. Part of the reason that they are not showing large increases here is that they have done such a good job of maintaining sales and profitability through the downturn. I guess I figure that at a current PE of 20 or so, VECO is actually cheaper than the S&P. Eventually this company will show some significant growth, and the stock will be worth much more than it is today, and in the meantime the low PE limits the downside. I think it would have moved higher today, actually, if the market had been a bit more reasonable. Good luck, Carl