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

To: Zeev Hed who wrote (1820)	2/10/1999 6:10:00 PM
From: orkrious	Read Replies (1) \| Respond to of 3069

I just listened to the conference call. I thought they were pretty optimistic. Visibility is substantially improved, there are other opportunities to expand the use of their products, bookings are picking up etc. The one area I wasn't quite clear on was that they thought that they would ship in excess of $53 million each of the next two quarters. Did anyone else hear this? Given that they did $51 million in Q4, this doesn't sound great to me. Did anyone else hear this? Any other comments. Any technical people who listened? VECO speaks tomorrow at 9:10 at the Goldman conference. Hopefully, we'll get a pop from that. Jay

To: Zeev Hed who wrote (1820)	2/10/1999 8:37:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 3069

I was about to use the same punch line. <G> Actually, when I first encountered VECO it was micro cap with a cap of only about $100 million. The company has grown and prospered, and while the cap is under $1 billion, it may not be long until it passes that level. This is not a tiny company any more. I am still holding my spread - long VECO, short AMAT. It wasn't that long ago that I held the reverse position. Unfortunately I didn't hold it quite long enough. <G> Carl