the following is from the yahoo 'profile':|
Veeco Instruments designs, manufactures, markets and services a line of precision ion beam etching and surface metrology systems used to manufacture micro-electronic products. For the six months ended 6/97, revenues rose 39% to $63.4 million. Net income decreased 21% to $3.1 million. Results reflect continued growth in Ion Beam Systems sales. Earnings suffered from acquisition costs of certain assets of Media Magnetic Applications, including $4.2 million in acquired R&D.
don't you just love those companies with revenues going in one direction and net income in the other! takes a lot of digging to see if this is a short-term phenomenon, AND if the company has made the correct wager to get them both going in the right direction.