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

To: Iceberg who wrote (2815)	5/8/2000 8:52:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 3069

What he means is that there is a large supply of CVCI shares coming to market when insiders agreement not to sell shares for a given period expires. Since the amount of shares "available" for sale when the lock up expires, there is a possibility that the shares will decline markedly. Because the shares are tied to VECO, VECO shares could be dragged down if CVCI shares decline due to excessive supply. Zeev

To: Iceberg who wrote (2815)	5/9/2000 4:34:00 AM
From: macavity	Read Replies (1) \| Respond to of 3069

Sorry IceMan. VECO merged with CVCI - correct? CVCI had an IPO last Nov issuing 3M shares or so- correct? With effect from today all the "insiders" of CVCI are allowed to sell the remainder of the 8M, or so, shares that they were not allowed to do over the past 180 days. The stock is up from the IPO price, there is a slight chance that anyone who has made a profit from getting their CVCI at below the IPO price (or for free) may actually be looking to sell these or VECO (in lieu) in the market. This is not guaranteed, but w.e.f. today they are now legally allowed to sell the shares in CVCI that they had pre the Nov99 IPO. The merger with VECO does not have any affect on the terms of this lock-up. Look at the AKAM board to find out more about the IPO or look at the S1 SEC forms relating to the terms and conditions of the CVCI IPO. Lock Up refers to shares "locked up" from the market. ipolockup.com I hope this makes sense - macavity