Veeco Instruments, Inc. (VECO)

Overpriced

go to go with it look at the books

A high-tech instrumentation company with applications in nanotech, LED, solar and other emerging market spaces. For me, a spec play on a recovery in sales to drive profitability. Timing here could be an issue.

I think there is a surprise coming with VECO.

Good long term play but at the high end of the trading range. Buy on a dip into the low teens.

value

long term market

Veeco makes equipment for semiconductor, hard drive, and LED manufacturers. It is down 5% or so today because of a disappointing outlook. Unfortunately for Veeco all of its end markets are cyclical, so slowdowns happen. A pickup will come along at some point.

This will be a long term investment. Nanotechnology is the wave of the future and Veeco is leading the way by offering the tools needed to make it possible.

Nanotech picks and shovel play. FEIC is firing on all cylinders and is a pure play nanotech microscope play. VECO has several business divisions that are less sexy ~ but VECO at this valuation is a no brainer.

Nanotech is real despite the hype...these guys play, (again for real), and they have an attrative value that chart wise always has some history or trailing FEI uptrens.

nanotech stocks are the future stock

LED tool maker. This will be booming business in the years to come.
Aixtron is better positioned, by the way, but Veeco will grow too!

Profitable with profits continuously growing, doesn't cease to produce positive surprises, heavy exposure to China and Asia in general, uniquely positioned for a future nanotech boom.

Veeco Instruments is a leading designer, manufacturer, marketer and service provider of a broad range of equipments which are primarily used by manufacturers in the data storage, research and industrial, semiconductor, high brightness light emitting diode and wireless industries. The company’s products also enable advancements in the growing field of nanoscience, nanobiology and other areas of scientific and industrial research. Ion Beam and Mechanical Process Equipment, Epitaxial Process Equipment and Metrology are the three primary business segments of the company.

The company reported profits in all its divisions and core products in the recent quarters.
The revenues, bookings, EBITDA as well the net profits all were up as compared to last year’s comparable quarter. Veeco is a dominant player as supplier of process equipment to the disk-drive industry, which makes up about one third of its sales. The product portfolio of the company and the scale of its products in this industry take the company far ahead of its competitors. Moreover the technological advances in data storage, semiconductors, and LEDs are expected to further increase the demand for its products.

The company has already established itself as a leading provider of high-tech microscopes to the scientific community for research. It also enjoys dominance in the Atomic Force Microscope market, as there are high technological barriers for other players to enter this market. Additionally with the increasing number of consumer electronic devices, such as mobile phones and Apple Computer iPods the demand for the disk drives is constantly going up. This is expected to help the company further more as it is the leading supplier of manufacturing equipment to the data storage industry with more than 60% market share. Additionally the PC business is expected to be strong next year with the launch of Vista, which will boost the company’s disk drive business.

Backing on all these positive factors favoring the company’s way and its dominance in majority of its markets, there is no looking back for the company in the coming years.

Nanotech picks and shovels play. Not as good as FEIC...but worth owning.

ready for rebound

Another fine small cap with good growth possibilities.

5-star $617 million market cap on 11/26/06.
Data storage and precision measurement.
5STARsmallCAPS picks five star stocks with the smallest market caps.

Good entry point here. Looks as if the bad news has had time to pass & be digested. Thumbs up to a heavy Institutional ownership!