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: orkrious who wrote (1515)	9/26/1998 5:57:00 AM
From: Carl R.	Respond to of 3069

More information on Insider sales. According to Vickers the following sales took place: NAME TITLE SOLD PRICE DATE LEFT Walter J. Scherr Dir 9,998 34.875 8/13 Ed Braun CB 33,000 34.5 8/14-8/17 223,019 Francis Steenbeke VP 10,999 34.08 8/18 74,339 John F. Rein, Jr. OFF 17,500 34 8/18-8/19 1,328 Emmanuel N. Lakios EX VP 15,666 26-34 8/19-8/28 937 Walter Scherr and Ed Braun are both VECO guys. Anyone know if the others came from Wyko or Digital Instruments? While they didn't sell everything that they own, well at least Ed and Francis didn't, these are obviously significant sales, most of which took place above 34. Thus I assume that these guys don't see much prospect for further appreciation in the near future. If we get Zeev's mini-melt, I suspect VECO will hold in the 25-28 range where it has shown a lot of strength in the past. Carl

To: orkrious who wrote (1515)	9/26/1998 10:14:00 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 3069

Jay, if we get the October minimelt, I think that VECO could actually go under 22, possibly even under 20. VECO has held better than most of the semi-equip because it own performance has been much better that the rest of the industry, its BTB is still close to 1 while the industry is close to .6. I just do not think that VECO can continue to deliver such stellar performance in face of declining demand for capital equipment and we should be ready for a less than stellar quarter before spring of next year. Once they fumble just a little, the stock, which is relatively thinly trade, could lose 10 bucks in a single day. I for one, am simply playing chicken during these rallies, playing a little with my favorite networkers (CSCO, ASND, XIRC and CCRD, the best of the bunch performance wise) and not touching any of the semis. If I were to start playing with the semis, I would start with the chip makers, not the equipment group, were I am starting to like ALTR, XLNX, AMD and INTC, but all on some major retreats (some 20% or more) from current prices. Right now, I am seeing a "little strength" early next week, at best, but by the end of next week, I think we will go into the beginning of the minimelt I have been worried about. We could drop, IMHO, as low as the mid 7200, and if we get very large volume and a negative tick worse than -1500, I would be jumping back in. Zeev