Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sam who wrote (3003)	8/17/2010 7:16:47 PM
From: Sam	Respond to of 3069

Summary of the bear case on VECO from Canaccord Genuity, 8/10 Canaccord Genuity Downgrades Veeco Instruments (VECO) to Hold; Valuation Concerns Around Cycle Peak August 9, 2010 11:23 AM EDT Canaccord Genuity downgrades Veeco Instruments (Nasdaq: VECO) from Buy to Hold. PT lowered from $58 to $39. Canaccord analyst says, "We are downgrading VECO shares as we project a cyclical digestion period and pause in earnings power in the coming years following the current capacity build-out for LCD TV backlighting...We are modeling 347 MOCVD shipments in 2011, going down to 130 in 2012. As such our revenues go from $1,047.4M in 2011 to $602.1M in 2012 with EPS of $3.87 to $1.30, respectively." streetinsider.com