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

To: j. w. kampfe who wrote (1632)	11/11/1998 3:03:00 AM
From: vinh pham	Read Replies (1) \| Respond to of 3069

Veeco Receives $6.0 Million in Orders for In-line Production Metrology Tools PLAINVIEW, N.Y.--(BUSINESS WIRE)--Nov. 10, 1998--Veeco Instruments Inc. (NASDAQ:VECO - news), today announced it has received multiple orders totalling $6.0 million for in-line metrology tools from two leading data storage manufacturers for advanced giant magnetoresistive (GMR) thin film magnetic head (TFMH) production. Shipments are expected to be completed by the end of the first quarter of 1999. The multiple unit orders are for WYKO(R) HD3300(tm) Head Measurement Systems. This non-contact optical profiler is the premier instrument available today that repeatably measures both pole-tip recession and air-bearing surface flatness on either nano- or pico-series TFMHs in one pass. The system's speed and reliability allow 100% in-line production testing of thin film magnetic sliders, providing a significant means for improving head gimbal assembly yields with rapid payback. ''These orders are yet another example of key data storage manufacturers recognizing the economic benefit of 100% in-line testing,'' said Lloyd LaComb, Vice President and General Manager of Veeco Metrology Group, Tucson. ''The new HD-3300 system allows thin film head manufacturers to further monitor and refine their manufacturing processes, which is critical as they transition to next-generation higher areal densities.'' Veeco Metrology Group, located in Tucson, Arizona, and Santa Barbara, California is a division of Veeco Instruments Inc. (NASDAQ:VECO - news). Headquartered in Plainview, New York, Veeco is a worldwide leader in Metrology tools for the data storage, semiconductor, and industrial/research markets, and etch and deposition Process Equipment for the data storage industry. Manufacturing and engineering facilities are located in New York, California and Arizona. Global sales and service offices are located throughout the United States, Europe, Japan and Asia-Pacific. To the extent that this news release discusses expectations about market conditions or about market acceptance and future sales of the Company's products, or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the cyclical nature of the data storage and semiconductor industry, risks associated with the acceptance of new products by individual customers and by the marketplace, and other factors discussed in the Business Description and Management's Discussion and Analysis sections of the Company's Report on Form 10-K and Annual Report to Shareholders.