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News Breaks
February 8, 2013
08:05 EDTVECOVeeco reports Q4 unit shipments in line with expecations, Q4 bookings $92.3M
At the end of the fourth quarter, Veeco took a $16M adjustment to reduce backlog across its businesses. The company’s unaudited cash balance at December 31, 2012 was $579M, up from $574M at September 30, 2012. Q4 operating costs are expected to be roughly flat with Q3. John R. Peeler, Veeco’s Chairman and CEO, says "Looking at 2013, we do not see any clear signs that the overcapacity in our MOCVD business and weak end market demand in Data Storage will improve in the near term. Customers across our markets continue to tightly guard spending and limit capacity expansions, and tight credit policies limit some of our Asian customers’ ability to raise capital and buy more equipment. The LED industry clearly remains in an equipment digestion period. With few MOCVD deals available, we have also experienced continued competitive pricing pressure."
News For VECO From The Last 14 Days
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December 12, 2014
08:02 EDTVECOVeeco announces Sanan order for 50 EPIK700 MOCVD reactors
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