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 Technology Stocks : Veeco Instruments-Who?

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To: ncs who wrote (887)1/30/1998 10:46:00 AM
From: Ron SovakRead Replies (1) of 3066
 
I think your analysis of upside and downside are fairly accurate. But the downside could possibly be as much as 50%. I bought most of my VECO at 11, when I owned it two years ago. I'm not saying its worth that now or that its likely to drop that low. But Semi-equipment makers wil bottom when the book-to-bill (for semi-equipment, not chips) drops below 1.0 and the Asian situation looks even more hopeless.
I like the company for the long haul. But the worst is not out for Asia yet and the disk drive cos. are in the pits. Thats when I'll re-enter. There is a chance I'll miss the boat, but I'll re-evaluate in the middle of next month.
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