Veeco has positive read through from Philips spinoff effort, says Wedbush After Philips (PHG) said it would look to spin off its LED unit, Wedbush thinks Philips' announcement suggests that it expects LED makers to have large capex in 2015-2016. Wedbush, however, keeps a $35 price target and Neutral rating on Veeco.
News For VECO;PHG From The Last 14 Days
Check below for free stories on VECO;PHG the last two weeks.
Philips reports Q2 net income EUR 0.26 vs. EUR 0.35 last year Reports Q2 revenue EUR 5.29B vs. EUR 5.63B last year. Healthcare comparable sales decreased 4%. Consumer Lifestyle comparable sales increased by 7%. Lighting comparable sales increased 1% year-on-year.
BofA/Merrill European capital goods analysts hold an conference call The European Capital Goods Analyst Research Team provide a 2Q preview on an Analyst/Industry conference call to be held on July 10 at 9 am.