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: Carl R. who wrote (1792)	2/6/1999 10:28:00 AM
From: Stitch	Read Replies (1) \| Respond to of 3069

Guys, I must be stupid about such things but I thought it was relatively common for secondarys to result in inventory to the underwriter. No? I always presumed that it was a method of supplying on a load level basis. Best, Stitch

To: Carl R. who wrote (1792)	2/6/1999 6:06:00 PM
From: orkrious	Read Replies (1) \| Respond to of 3069

Carl, re The fact that Merrill has eaten a lot of shares means that eventually they will have to place those (i.e. sell them) as well, limiting upside potential from here. Pure speculation on my part, but I disagree. The only reason that Merrill would accumulate shares is that they expect the share price to increase significantly. Remember, there wasn't much dilution. The # of shares issued has not been increased that much; most of the shares came from individuals. Earnings are due out Tues, 4Q book/bill was 1.2, a very large order to RDRT was booked in January, their semi equip business is about to take off with 300mm fabs soon to be announced. I think Merrill knows what they are doing and is taking a position (as opposed to just trading, buying at the bid and selling at the ask). Jay