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Veeco Instruments Inc. Message Board

  • pat_thec pat_thec Sep 18, 2011 7:03 PM Flag

    To the PRO VECO, dreamers, losers and liars

    When are you turkeys going to finally give it up? Are you stupid or just dishonest?

    1. Two weeks ago, Market Research firm, IMS Research, revised it forecast DOWN to 1% growth in LED SALES.
    2. There are numerous Analysts, market research firms, industry experts, etc stating there is massive over capacity, 40% to 100%, in LED production capacity.
    3. Long time VECO backers Bank of America and Lazard just down graded VECO. Here is what Lazard had to say:

    In its report, Lazard Capital writes, "We are downgrading VECO to NEUTRAL from BUY. While we like that the company has a strong balance sheet with $15 cash/share and is gaining share on the heels of its MaxBright tool, we recommend that investors take a more cautious approach due to: 1) a slowdown in the China market, which represents a key factor in driving growth, due to tightening credit and uncertainties over the subsidy policy; 2) uncertainty on the timing of the ramp in general lighting; and 3) weak overall demand in the LED market leading to significant pricing pressure."


    4. AIXG, which recorded sales in its first two quarters of about 400 M euros and had about a 200 million backlog at the end of the June quarter, just lowered its 2011 sales from 800 to 900 M euros to 600 to 650 M euros.

    FYI, that means future orders have crashed. So what if VECO maintained its sales guidance of $1B for 2011? FYI, between sales and its backlog at the end of the June quarter, it had almost $1 B.

    Friends, let's be honest. It's all about too much installed capacity and orders, and AIXG just told as that orders have fallen into a BLACK HOLE.

    BTW, VECO also told us orders would be down during its JUly earnings call!

    That's why VECO has dropped alomost 50% since the end of May, and those orders are not coming back anytime soon!

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