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

To: Zeev Hed who wrote (2942)9/7/2001 9:27:38 AM
From: orkrious  Respond to of 3069
 
I think that the stock will suffer

It shouldn't suffer too much. VECO's sales are north of $400M vs Applied Epi's $25. That's not much dilution. There also should be some cost savings as an offset.

Jay



To: Zeev Hed who wrote (2942)9/7/2001 9:45:51 AM
From: All Mtn Ski  Read Replies (1) | Respond to of 3069
 
Zeev,

My timing is usually wanting, but so far the damage to VECO's stock is minimal. It does appear that they are acquiring good technology. Either way I will have a GTC in at $19.50 to catch a falling VECO, should next week provide similar "fireworks" to this past week. <bg>

Management has shown it is good at acquitions, the Ion Tech purchase was well timed for example.

Cheers,

Tom



To: Zeev Hed who wrote (2942)9/7/2001 10:01:00 AM
From: All Mtn Ski  Read Replies (1) | Respond to of 3069
 
From the release:

Applied Epi is a profitable, privately held company with year 2000 revenues of $25 million, and forecasted 2001 revenues of approximately $50 million.

So on 2001 sales, they paid 2.5X, not so bad. With a majority of the year over with, I have to give that $50 million figure some credibility.

Tom


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