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

To: Mark Ivan who wrote (2356)	8/7/1999 12:08:00 PM
From: NicholasC	Read Replies (1) \| Respond to of 3069

Mark, Perhaps that's my point. The market's perception does show a correlation but reality doesn't. If you plotted VECO and SEG financial performance next to each other you would see divergence (i.e. lack of correlation). If you plotted AMAT's financial performance with VECO's you'd see a greater correlation. (P.S. I am not talking about stock/Wall Street performance, I'm talking about revenues, net income). Therefore, there exists a discrepancy here that I believe is somewhat based on a misunderstanding of what VECO does. VECO is not in the disk drive business just like AMAT is not really in the computer/cell phone/VCR business. As I mentioned, I think that we are over analyzing VECO's last report and not standing back and taking a broader view of it. Take a wider look at the picture and you see a company that is doing great and is on the move upward in a recovering semi industry. They have a strong-hold in providing machines to disk drive companies and their machines are a must have. If you want to stay in business, you need to buy VECO's machines; they are not discretionary purchases. In fact, DD companies might need to buy more VECO products to fight off competition. I'm sure this is what Adams Harkness (VECO - Strong Buy) is seeing. -N