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To: Suresh who wrote (19634)	1/29/1999 7:16:00 PM
From: Clint E.	Respond to of 70347

Hi Suresh. You are really good at taking those earnings report apart. Too bad the market doesn't care. Take care; Clint

To: Suresh who wrote (19634)	2/3/1999 11:22:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 70347

Hi Suresh. VECO looks interesting for an easy ride up. Look at these two stories and the timing of the 2ndary offering vs. pre-announcement, vs. earnings date next week. I wonder if we see the upgrade(s) before or after the earnings announcement. Clint ============== Wednesday February 3, 9:48 am Eastern Time Veeco says 3.575 mln shrs price at $52/shr PLAINVIEW, N.Y., Feb 3 (Reuters) - Veeco Instruments Inc., a supplier of equipment for the semiconductor and data storage industries, said on Wednesday a public offering of 3.575 million shares of its common stock has been priced at $52.00 per share. Of the 3.575 million shares to be sold, 1.0 million are to be sold by the company and 2.575 million by certain selling stockholders, the company said. Net proceeds from the offering to the company of approximately $49 million will be used for capital expenditures, working capital and other general corporate purposes, including potential acquisitions. Veeco will not receive any of the proceeds from the sale of shares by the selling stockholders. The company and the selling stockholders have granted the underwriters an option to purchase up to an additional 536,250 shares to cover over-allotments, if any. Underwriters for the offering are Merrill Lynch & Co., Donaldson, Lufkin & Jenrette, NationsBanc Montgomery Securities LLC, Salomon Smith Barney, and SoundView Technology Group. ====================================== Thursday January 21, 7:38 pm Eastern Time Company Press Release Veeco Instruments Reports Fourth Quarter And Year End 1998 Sales and Bookings PLAINVIEW, N.Y.--(BUSINESS WIRE)--Jan. 21, 1999--Veeco Instruments Inc. (NASDAQ:VECO - news), today reported unaudited sales and bookings figures for the fourth quarter and year ended December 31, 1998. Historical financial results have been restated to reflect the merger of Veeco and Digital Instruments, which closed on May 29, 1998, using the pooling of interests accounting method. Fourth Quarter Review Veeco's sales for the fourth quarter of 1998 were approximately $51 million, compared with sales of approximately $58 million for the corresponding quarter of 1997. Metrology sales decreased 14% in the fourth quarter of 1998 compared to the 1997 fourth quarter and Process Equipment sales decreased 8% during the same time period. Veeco's fourth quarter orders were approximately $62 million, compared with orders of approximately $51 million reported in the fourth quarter of 1997. Metrology orders increased 4% compared to the 1997 fourth quarter and Process Equipment orders increased 117%. The book/bill ratio was 1.20 for the fourth quarter of 1998. Year-End Review Veeco's sales for the year ended December 31, 1998 were approximately $207 million, compared to approximately $217 million in 1997. Metrology sales increased 12% during 1998 compared with 1997, and Process Equipment sales decreased 28%. Orders for the year were approximately $221 million compared with approximately $219 million in 1997. Metrology orders increased 12% in 1998 compared with 1997, while Process Equipment orders decreased 7%. The book/bill ratio was 1.07 for the year ended December 31, 1998. Veeco expects to release its fourth quarter and year-end 1998 results after the close of the market on February 9, 1999, upon completion of its annual audit by the Company's independent accountants. Veeco Instruments Inc., headquartered in Plainview, New York, sells Metrology tools to customers in the data storage and semiconductor industries, and Process Equipment etch and deposition tools to customers in the data storage industry.