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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (3917)	7/7/1998 9:29:00 PM
From: LK2	Read Replies (1) \| Respond to of 9256

*Off Topic?*VECO issues warning. Somebody on this thread (Stitch?) was following/mentioned this stock. Some other stocks issuing warnings, as well: >>>>>>>>>>>>>>>>>>>>>>>> cbs.marketwatch.com Veeco Instruments Inc. (VECO) will likely face a difficult session Wednesday after the company said it will fall short of analysts' second-quarter estimates. The chip equipment maker expects to earn 22 to 24 cents a share, compared to analysts' consensus estimate of 33 cents. Veeco cited weak data-storage and semiconductor market conditions for the shortfall. Shares closed down 1 at 22 3/4. Electro Scientific downgraded Electro Scientific Corp. fell as analysts downgraded the shares in the wake of weak fourth-quarter results. Salomon Smith Barney lowered its rating to "outperform" from "buy," while NationsBanc Montgomery cut the issue to "hold" from "buy." Electro Scientific (ESIO) earned 54 cents a share, well short of the consensus estimate of 65 cents, according to First Call. The company has shifted to lower-margin products. Shares closed down 2 5/16 at 28 7/8. Aetrium sees Q2 loss Aetrium Inc. (ATRM) shares fell 6.1 percent after it said it won't meet analysts' expectations for the second quarter. The chip equipment maker expects to post a loss of 6 to 8 cents a share on revenue of $16 million. The consensus estimate of analysts surveyed by Zacks Investment Research was a profit of 6 cents. Aetrium cited customer General Scanning Inc.'s decision to exit the business for the shortfall. Shares lost 9/16 to 8 11/16. See Press Release Zoran expects wider loss Zoran Corp. (ZRAN) fell 16 percent after revealing it will report a wider-than-expected second-quarter loss. The chip maker expects to report a loss of 9 cents to 12 cents a share, while analysts were looking for a profit of 7 cents. A year ago, Zoran earned 9 cents. Zoran shares closed down 1 7/8 at 10. See related story. Binti T. Harvey is an online reporter for CBS MarketWatch. <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<