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

To: Donald Wennerstrom who wrote (2766)	3/27/2000 6:31:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 3069

Here is some new news. Veeco is continuing its acquisition policy - announcement released after the market closed today. I wonder how the stock will react tomorrow? Veeco Instruments Purchases IBM's Atomic Force Microscope Assets Business Wire - March 27, 2000 17:45 PLAINVIEW, NY--(BUSINESS WIRE)--March 27, 2000--Veeco Instruments Inc. (NASDAQ: VECO) today announced that it has purchased certain assets related to the Delray Beach, Florida based atomic force microscope (AFM) product line operations of International Business Machines Corporation. Don Kania, Ph.D., Vice President, General Manager of Veeco Metrology Group's Santa Barbara Operations, will oversee the integration of this technology into Veeco's atomic force metrology products. Dr. Kania commented, "Our goal is to continue to be the world's leading supplier of AFM measurement equipment. In particular, the IBM purchase will allow us to expand the capabilities of our current semiconductor fab tool set for 200 and 300mm wafers, including the Dimension 9000 and Vx Series tools for etch metrology and chemical mechanical polishing (CMP)." Veeco plans to provide continued support for the installed base of IBM products on a worldwide basis. Veeco Instruments Inc., headquartered in Plainview, New York, is a worldwide leader in metrology tools for the data storage, semiconductor and research markets, and process equipment etch and deposition tools for the data storage and optical telecommunications industry. Manufacturing and engineering facilities are located in New York, California, Colorado, Arizona and Minnesota. Global sales and service offices are located throughout the United States, Europe, Japan and Asia Pacific. Veeco employed 940 people and had sales of $247 million for the year ended December 31, 1999. Additional information on Veeco can be found at veeco.com. To the extent that this news release discusses expectations about market conditions or about market acceptance and future sales of Veeco's products, or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the cyclical nature of the data storage, optical telecommunications and semiconductor industries, risks associated with the acceptance of new products by individual customers and by the marketplace, and other factors discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Report on Form 10-K and Annual Report to Shareholders. CONTACT: Investor and Financial Media: Debra Wasser, VP of Investor Relations, 516/349-8300 x1472 or Trade Media: Fran Brennen, Director of Marketing Communications, 516/349-8300 x1222