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


To: Donald B. Fuller who wrote (1829)2/11/1999 2:24:00 PM
From: Donald B. Fuller  Read Replies (1) | Respond to of 3069
 
From Nov 1998...
"Veeco Process Metrology Announces the Semiconductor Industry's First Automated 300mm Stylus Profiler with FOUP C"

...Fast Forward
To: Bruce A. Thompson (4196 )
From: Ian Stromberg Thursday, Feb 11 1999 9:46AM ET
Reply # of 4197

Motorola, Siemens Chip Factory
Completes Initial Production Run
By a WALL STREET JOURNAL Staff Reporter

SCHAUMBURG, Ill. -- Motorola Inc. and Siemens AG said they have completed initial production of chips in a prototype chip factory in Dresden, Germany.

The companies said they had completed production of memory chips on wafers that are 12 inches in diameter, rather than the current eight inches. Bill Walker, senior vice president at Motorola, said the development shows the company is making good progress toward its goal of mass production on the new manufacturing lines in 2001.

Company Profile: Motorola

Motorola started working on the 12-inch technology in 1994, but it postponed mass production last year and delayed the opening of a $3 billion chip complex in West Creek, Va., because of a chip recession. The company now plans to use 12-inch wafers at the West Creek complex once it restarts construction.

Mr. Walker said the 12-inch factories should cost about $2 billion to build, compared with Thursday's $1.5 billion eight-inch factories. However, he noted that an equivalent 12-inch factory could produce 2.5 to three times more chips than an eight-inch factory.

...

DF Comment:
Hmmm ... VECO ... A 300 mm semi equip play in addition to a GMR DD play ... One company positioned at the right spot to draft off not one but two secular tech trends .... No growth there I suppose ...



To: Donald B. Fuller who wrote (1829)2/12/1999 1:40:00 PM
From: Berk  Read Replies (2) | Respond to of 3069
 
Agree with your observation completely. The stock is often volatile but this is over doing it, especially when the group is strong and as Carl has pointed out the fundamentals are quite good as well vis a vis their counterparts. You have to conclude the secondary was not well placed and it is getting dumped in the market which causes more selling, etc.