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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (29414)	4/7/1999 6:13:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Veeco Reports $14 Million in International Process Equipment Orders Business Wire - April 07, 1999 16:59 PLAINVIEW, N.Y.--(BUSINESS WIRE)--April 7, 1999-- Data Storage Manufacturers Buy Tools for Advanced GMR Applications Veeco Instruments Inc. (NASDAQ: VECO) today reported receipt of approximately $14 million of orders for etch and deposition equipment from leading Japanese, Asia-Pacific and European data storage companies. The orders are for Veeco ion beam deposition (IBD) and ion beam etching (IBE) products for advanced high density giant magnetoresistive (GMR) thin film magnetic head (TFMH) applications. Shipments are scheduled for the second half of 1999. "We are pleased that our ability to offer local regional applications and service support, in addition to leading-edge technology, is enabling us to further penetrate international customers," stated Emmanuel Lakios, President of Veeco's Process Equipment Group. "These orders represent continued acceptance of Veeco's IBD/IBE/PVD equipment for next generation GMR thin film head manufacturing by the leading data storage companies worldwide. We continue to see strong demand for our advanced IBD and IBE process solutions on a global basis." Veeco Instruments Inc., headquartered in Plainview, New York, is a worldwide leader in Metrology tools for the data storage and semiconductor industries, and Process Equipment etch and deposition tools for the data storage industry. Manufacturing and engineering facilities are located in New York, California and Arizona. Global sales and service offices are located throughout the United States, Europe, Japan and Asia Pacific. To the extent that this news release discusses expectations about market conditions or about market acceptance and future sales of the Company's products, or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the cyclical nature of the data storage and semiconductor industry, risks associated with the acceptance of new products by individual customers and by the marketplace, and other factors discussed in the Business Description and Management's Discussion and Analysis sections of the Company's Report on Form 10-K and Annual Report to Shareholders. CONTACT: Veeco Instruments Inc., Plainview Investor and Financial Media Contact: Debra Wasser, 516/349-8300, x1472 or Trade Media Contact: Fran Brennen, 516/349-8300, x1222