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

To: Mark Ivan who wrote (2573)	11/28/1999 7:31:00 PM
From: All Mtn Ski	Respond to of 3069

Mark, I think the shorts are the people who think all the drive companies will go out of business, because the are killing each other on prices, and thus won't have the $$$ for Capex via VECO. I think they are wrong, the drive companies must lower component costs by moving farther up the tech curve via GMR heads. Therefore VECO's business looks fine. VECO is also diversifying away from DDs, so really that will come a smaller part of the business and less of a concern. Tom

To: Mark Ivan who wrote (2573)	12/1/1999 7:17:00 PM
From: All Mtn Ski	Read Replies (1) \| Respond to of 3069

Let the optics orders roll in!!!! Veeco's Ion Tech Receives Over $6 Million in Orders From Leading DWDM Filter Manufacturers FT. COLLINS, Colo.--(BUSINESS WIRE)--Dec. 1, 1999--Veeco Instruments Inc. (NASDAQ: VECO - news) announced today that its subsidiary, Ion Tech, Inc., received over $6 million in orders for SPECTOR(TM) optical coating ion beam deposition systems from three leading manufacturers of Dense Wavelength Division Multiplexing (DWDM) filters. This equipment is currently expected to be shipped during the second and third quarters of 2000. Gerald Isaacson, Ph.D., President of Ion Tech, commented, ''We are pleased to receive these orders, which are indicative of the growing acceptance of our ion beam deposition systems by DWDM filter manufacturers. The SPECTOR system, with its precise control of deposition rates and uniformities, is able to produce high yields of 0.8nm bandwidths and below - making it ideally suited for DWDM manufacturers' next-generation filter requirements.'' ''By joining forces with Veeco, a proven ion beam industry leader, we expect to be able to further capitalize on the opportunities in the DWDM ion beam filter market,'' added Dr. Isaacson. ''Our current plans include a plant expansion and increased personnel to meet growing market demand.'' Veeco's merger with Ion Tech closed on November 5, 1999. Under the terms of the agreement, Ion Tech shareholders received approximately 1.5 million shares of Veeco common stock. The transaction will be accounted for as a pooling-of-interests. Ion Tech, based in Ft. Collins, CO, is a leading supplier of ion beam deposition systems used to manufacture precise multi-layer optical filters critical to extending ''bandwidth'' of fiber optic telecommunications networks. DWDM technology increases the capacity of optical fibers by allowing hundreds of signals to be simultaneously transmitted across a single optic fiber, and then separated by individual wavelengths. Veeco Instruments Inc., headquartered in Plainview, New York is a worldwide leader in metrology tools for the data storage and semiconductor industries, and process equipment etch and deposition tools for the data storage and opto-telecommunications industry. Manufacturing and engineering facilities are located in New York, California, Colorado, and Arizona. Global sales and service offices are located throughout the United States, Europe, Japan and Asia Pacific.