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

To: Mitchell who wrote (1432)	8/22/1998 9:48:00 PM
From: ET	Respond to of 3069

mitch.....your the smart one... ..i've your not a trader, but an investor, than buying VECO at these levels is an absolute gift..... ..i believe that if you have been lucky "trading" this stock than it's only a matter of time before you get burned. ...IMO..your going to kick yourself for not always having a position in this company, because the performance of this company[i'm not talking about it's volatile stock pricing]has been just fantastic considering the extremely difficult times these industries [semi.,d/d,fpd] have been in... ..VECCO INSTRUMENTS in my eyes is an ideal company to own a piece of..........this is truly a class act company.......it also has some kick butt moves[up and down] just to keep ya scratching your head and thinking what the @$%# ...........

To: Mitchell who wrote (1432)	8/22/1998 10:00:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 3069

The BTB for Q1 was about 1.28 which was great, but order pushouts moved BTB to around 1 where they expect (hope) it will remain for the remainder of the year. This is not great, except by comparison with other semi-equipment manufacturers which are at .7. But don't kid yourself. These are not orders from fabs. The best thing VECO has going for it at this point is that it has no measurable market share in the semi-equipment industry - you can't lose what you don't have. VECO does however have a substantial market share in several areas that are still strong, disk drive manufacturing and industry/ research. There is every reason to believe that VECO will outperform the semi-equipment group in the near future, but that doesn't mean VECO will go up. My prediction is that all these stocks will continue to be very volatile until a real recovery is visible. In the absence of a recession, that could happen next year, but if a severe recession comes it could be further off. Good luck (and don't buy this stock on margin), Carl