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

To: Stitch who wrote (1071)	3/15/1998 4:09:00 PM
From: ET	Respond to of 3069

stitch........i've always considered stock purchasing a risk... ..example-a company with a p/e of 20 means that you pay 20 times what they earn....would you loan a friend who owns a small business 20,000 dollars to make 1,000 dollars....probably not. .most companies stock price trades at such a huge premium[to it's real value] it's hard to believe people[myself included] even consider it....it's the basic greater fool theory.. ..we purchase stock because the reward is alot greater than the moneymarkets period...........as for veeco's purchase of wyko and digital inst. ,you just have to trust and believe in their experienced mgmt.... ....i don't believe any insiders have sold any stock since i've been following this company[2 years]...and remember this stock was up to 80 dollars per share....