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

To: Donald B. Fuller who wrote (2057)	4/19/1999 12:55:00 PM
From: Carl R.	Respond to of 3069

Hi Don, I'm back. <G> I think the stock has finally adjusted for the fact that they pissed off IBM. IBM accounted for 17% of their business last year, so it will be a big loss, if they lose it all. Also they will lose some former IBM AFM customers as well, so basically if they can hold their sales flat for a couple quarters that is the best we can expect. But I think this is in the stock, now, and so I have reentered it on hopefully a more permanent basis. That IBM business has to go somewhere, though. Since we know that the IBM AFM business went to ZIGO, it seems reasonable to believe that a share of the IBM business will go to ZIGO, so I am looking for good numbers from ZIGO later this month. On the other hand, the ZIGO chart looks pretty ugly, like it is going to break out of its pennant to the bottom, which could take it to 10 or so. I like the fundamentals, so I will hold and take my lumps if they come. This small cap rotation currently in progress should benefit both ZIGO and VECO, in my opinion. Carl