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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (49832)

10/22/2012 4:40:44 PM

From: FJB

Respond to of 78744


Veeco Instruments Inc. : Veeco Reports Third Quarter 2012 Financial Results 10/22/2012\| 04:05pm US/Eastern

Mr. Peeler continued, "Third quarter bookings were weak at $84 million, representing trough levels in all businesses. LED & Solar orders totaled $68 million: MOCVD continued to bump along the bottom at $63 million as LED customers work through overcapacity and delay significant fab expansions. MBE bookings declined 33% sequentially to $5 million, with customer consolidation causing a slowdown in production buys for wireless applications. Data Storage customers froze spending due to hard drive overcapacity and a weakening demand outlook, resulting in a 37% sequential decline in orders to $16 million." Veeco's book-to-bill ratio was 0.66 to 1 and quarter-end backlog was $187 million.

Message 28490947