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

To: Carl R. who wrote (2508)	10/27/1999 1:26:00 AM
From: Donald B. Fuller	Read Replies (1) \| Respond to of 3069

From their (VECO) press release: "Diluted earnings per share for the third quarter of 1999 was $0.39 per share, a 34% increase over the $0.29 per share reported in the third quarter of 1998" It was actually better than this considering: (a) ~10% greater shares this period c/w last (b) much higher income taxes c/w last year - about $0.09/sh higher (c) Higher R/D spending (another ~$0.05/sh higher) B/B of 0.82 this Q is a concern but I think we need to recall that they are still a rel. small co. that sells expensive pieces of equipment to a relatively few customers, leading to volatile B/B possibilities. If they get punished over this issue I'll be increasing my VECO position. I think their long term prospect is brighter than ever, esp considering Ion tech. Don

To: Carl R. who wrote (2508)	10/27/1999 7:34:00 AM
From: Mark Ivan	Respond to of 3069

Carl, I wouldn't call it a horrible report at all. I think you hit the nail on the head. The low BTB is the reason for the low stock price. But that should be behind us now. They expect to recapture those orders in the next 2 quarter and the new aqusitions will add almost 25% to revenues next year. I think we will trade up nicely into the next year. Mark

To: Carl R. who wrote (2508)	10/27/1999 8:46:00 AM
From: TEMFASSBAL	Read Replies (1) \| Respond to of 3069

You might want to recheck the BTB numbers in that chart <<What a horrible report. I've been following VECO for a long time, and unless they pre-announce, they always make earnings, which they did. However the very, very low bookings come as a big surprise.>> Did you notice that the highest BTB Q's always followed the lowest...as in the worst is behind us as the company pointed out in the release...the addition of the ION acquisition positions the company well into the next couple of Q's...IMHO