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Veeco Instruments Inc. Message Board

  • risingmojo77 risingmojo77 Nov 4, 2013 9:45 AM Flag

    Finally filed, but results look awful

    Revenue dropped in half last year and another 30% drop thru June. All together sales went from over $900 million in 2011 to under $300 million for 2013. In the filings, they state there is large overcapacity in MOVCD and the end markets for data storage are shrinking with no improvement in the near term. This should be a $10 stock IMHO, but the price jumped at the open so we'll see how this shakes out after all the hoopla is over getting the filings done and the ANALysts actually read them.

    Sentiment: Strong Sell

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VECO
25.99-0.06(-0.23%)Jul 30 4:00 PMEDT