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

To: Justa Werkenstiff who wrote (1790)	2/6/1999 8:45:00 AM
From: orkrious	Read Replies (3) \| Respond to of 3069

Justa, good suggestion. I'm going to call VECO first thing Monday morning. I've never heard of an offering being priced and not sold (or susequently re-priced). You're sure this is an option? Given the tremendous volume the last three days, especially Wed the placement day when it traded over 3 mil shares, I suspect that it has been placed. Regardless, the way Merrill is supporting the price (I've watched at they literally have eaten tens of thousand of shares. Normally on VECO it's a thousand or two, then they move), means that they now have tens of thousands of shares in their coffers. I suppose that they could be buying for a customer, but why not get a lower price as the market is tanking. The whole thing just doesn't make sense. Jay