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

To: Carl R. who wrote (1577)	10/22/1998 10:58:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 3069

Sure looks nice in comparison to its "half brothers", but even VECO is showing minor "cracks" in its armor. It the first time they show a BTB under 1 in the last three years, and note that their inventories have increased 15% while their sales are down 10% on the quarter, a swing of 25%. The receivable increased by 5% a swing of 15% (not dangerous in any way, but an indication of how bad it can get there). As for tomorrow, It could break out, but I have a nagging feeling in my stomach it will rush to $34 and be returned back. Of course, if VECO is now a "semi equip" member, it should go with current mania to $50 (right?). Zeev Zeev