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Veeco Instruments Incorporated (VECO)

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Last Post: 7/10/2019 10:24:25 PM - Followers: 3 - Board type: Free - Posts Today: 0

100 Sunnyside Boulevard, Suite B
Woodbury, NY 11797
Phone: 516-677-0200
Fax: 516-677-0252

Estimated Market Cap
501,883,562 as of Mar 7, 2008

Outstanding Shares
31,865,623 as of Feb 25, 2008

Number of Share Holders of Record
341 as of Feb 28, 2008

Primary SIC — Industry Classification
3559 - Special industry machinery, misc

State Of Incorporation - DE

CIK - 0000103145

Fiscal Year End - 12/31

Transfer Agent:
American Stock Transfer & Trust Company,
59 Maiden Lane
New York, NY 10038

Veeco Instruments, Inc., together with its subsidiaries, engages in the design, manufacture, marketing, and servicing of equipment used by manufacturers in the data storage, semiconductor, high brightness light emitting diode, and wireless telecommunications industries worldwide. It operates in two segments, Process Equipment and Metrology. The Process Equipment segment produces and sells various process equipment products capable of depositing or etching thin film products used in the manufacture of data storage components, such as thin film magnetic heads and compound semiconductor/wireless devices. Its product line includes ion beam deposition; ion beam etch; physical vapor deposition; atomic layer deposition; diamond-like carbon deposition; precision lapping, slicing, and dicing; metal organic chemical vapor deposition; and molecular beam epitaxy systems. Metrology segment offers atomic force/scanning probe microscopes, optical metrology tools, and stylus profilers, as well as versatile tools for use by research and development centers, and universities. The company was founded in 1945 and is headquartered in Woodbury, New York.

Mr. John F. Rein Jr., 61
Chief Financial Officer, Exec. VP and Sec.
Mr. Robert P. Oates, 54
Exec. VP of Process Equipment
Ms. Jeannine Sargent, 44
Exec. VP of Bus. Devel.
Mr. John R. Peeler, 53
Chief Exec. Officer
Mr. John P. Kiernan , 45
Principal Accounting Officer, Sr. VP of Fin. and Corp. Controller

Veeco Instruments Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Mar-08 is better than 68.8% of S&P 600 companies and 82.6% of Technology Hardware & Equipment companies



Cash flow:

Annual report:
"...We design, manufacture, market, and service a broad line of equipment primarily used by manufacturers in the data storage, HB-LED, solar, wireless, and semiconductor industries. These industries help create a wide range of information age products such as computer integrated circuits, personal computers, LEDs for backlighting and automotive applications, HDDs, solar panels, network servers, digital cameras, wireless phones, digital video recorders, personal music/video players, and personal digital assistants. Our broad line of products features leading edge technology and allows customers to improve time-to-market of their next generation products. Our products also enable advancements in the growing fields of nanoscience, nanobiology, and other areas of scientific and industrial research.

Our Process Equipment products precisely deposit or remove (etch) various thin film materials in the manufacturing of TFMHs for the data storage industry, HB-LEDs, wireless devices (such as power amplifiers and laser diodes), solar panels, and semiconductor mask reticles. Our Metrology equipment is used to provide critical surface measurements in research and production environments. In production, our equipment allows customers, such as those in semiconductor and data storage, to monitor their products throughout the manufacturing process in order to improve yields, reduce costs, and improve product quality. We also sell our broad line of AFMs, SPMs, optical interferometers, and stylus profilers to thousands of universities, research facilities, and scientific centers worldwide to enable a variety of nanotechnology related research.

We currently maintain facilities in Arizona, California, Colorado, Minnesota, New Jersey, and New York, with sales and service locations around the world. Each of our products is currently manufactured in only one location, since we believe that the technological know-how and precision needed to make each of our products requires specialized expertise.

During 2007, management initiated and acted on a profit improvement plan, resulting in personnel severance costs for approximately 7.5% of our employees, a reduction of discretionary expenses, realignment of our sales organization to more closely match current market and regional opportunities, and consolidation of certain engineering groups within our data storage business, which included the discontinuation of two products. In conjunction with these activities, we recognized a restructuring charge of approximately $6.7 million during the year ended December 31, 2007, as well as an inventory write-off of $4.8 million and an asset impairment charge of $1.1 million.


...Gross profit for 2007 was 39.1%, compared to 44.0% in the comparable prior year period. Process Equipment gross margin decreased slightly from the prior year. This was caused by a decrease in the margin for Ion Beam products from 45.8% in the 2006 period to 38.5% in the current comparable period due to an unfavorable product mix, as well as the decrease in sales volume to customers in the data storage market. This product gross margin was also negatively impacted by a charge of $4.8 million for the write-off of inventory associated with several discontinued data storage product lines. However, these decreases were offset by a significant improvement in MOCVD product gross margins from 26.6% in 2006 to 37.6% in 2007 due to an increase in sales volume, as well as a significant improvement in mix and price. Metrology gross margins decreased to 44.1% from 51.5%, principally due to lower sales volume of automated AFM and optical metrology products and less favorable product mix in AFM products sold to scientific and research customers..."

Source: www.sec.gov



Current Price
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VECO News: Veeco Announces Capacity Expansion Plan for Laser Annealing Technology That Serves the World’s Leading Semiconductor Custom... 02/25/2021 04:15:00 PM
VECO News: Current Report Filing (8-k) 02/24/2021 04:17:16 PM
VECO News: Annual Report (10-k) 02/22/2021 03:15:57 PM
VECO News: Veeco Instruments EPS misses by $0.02, beats on revenue 02/11/2021 04:20:05 PM
VECO News: Veeco Reports Fourth Quarter and Fiscal Year 2020 Financial Results 02/11/2021 04:05:00 PM
#67   Amazing. I've been away for a few months Jlopez21 07/10/19 10:24:25 PM
#66   Seems like no one is really interested in Jlopez21 04/15/19 11:41:59 PM
#65   Seems like no one is really interested in Jlopez21 04/15/19 11:41:58 PM
#64   VEECO received another downgrade. Jlopez21 03/10/19 11:54:48 PM
#63   VECO has a strong SELL Rating across the Jlopez21 03/02/19 09:42:54 PM
#62   VECO is bleeding red on the books, both Jlopez21 02/17/19 12:49:24 PM
#61   So far, the new CEO, old CEO / Jlopez21 02/09/19 10:19:43 PM
#60   So far, the new CEO, old CEO / Jlopez21 02/09/19 10:19:39 PM
#59   Now the China Trade war heats up. Veeco Jlopez21 02/08/19 12:28:18 AM
#58   Looking through accounts on Linkedin. Seems like more Jlopez21 02/02/19 11:28:58 PM
#57   Why have several people left the company, within Jlopez21 01/28/19 11:59:09 PM
#56   I wonder how much more can they bleed Jlopez21 01/26/19 10:09:15 PM
#55   CEO and the senior executive sells shares right Jlopez21 01/26/19 10:08:15 PM
#54   CEO and the senior executive sells shares right Jlopez21 01/26/19 10:08:12 PM
#53   Guess u was wrong. GRAPHENE. Google it. The future. Eagleize 01/24/19 01:08:49 PM
#52   I think that Veeco will not meet the Jlopez21 01/16/19 10:52:46 PM
#51   1 word. GRAPHENE Eagleize 12/05/18 12:31:02 PM
#50   Don't get fooled.. There's some GREAT NEWS coming, Jlopez21 10/10/18 10:21:38 AM
#49   Ignoring all the rubbish BS, brought to you Jlopez21 09/19/18 01:05:50 PM
#48   Do any of you guys follow the Linkedin, Jlopez21 09/18/18 10:05:49 AM
#47   It's funny seeing the hedge funds, work with Jlopez21 09/17/18 02:46:28 PM
#46   There's still a lot of room for it Jlopez21 09/14/18 09:59:11 AM
#45   Trade talks going on with China right now. Jlopez21 09/13/18 01:24:13 PM
#44   Seems like another great day, for me to Jlopez21 09/12/18 10:11:07 AM
#43   More panic on the entire overall market. Veeco Jlopez21 09/11/18 10:02:52 AM
#42   Take advantage of the overall market condition. Great Jlopez21 09/10/18 02:47:06 PM
#41   The overall market is taking a beating right Jlopez21 09/06/18 02:30:31 PM
#40   Overall market is down right now, but Veeco Jlopez21 09/05/18 10:23:35 AM
#39   With the insiders buying recently, several times over. Jlopez21 09/03/18 10:02:33 PM
#38   Veeco stock is ramping back upwards. Don't let Jlopez21 08/28/18 10:17:52 AM
#37   Another insider purchase on the open market. The Jlopez21 08/23/18 07:38:36 PM
#36   If you're unsure about investing, then just take Jlopez21 08/22/18 03:29:15 PM
#35   Veeco is a pot of gold. Don't be Jlopez21 08/22/18 03:27:52 PM
#34   Looks like shorts are playing with fire with Jlopez21 08/14/18 04:13:06 PM
#33   Veeco is one of the hottest company around. Jlopez21 08/10/18 10:00:36 AM
#32   I wonder new products Veeco is working on? Jlopez21 08/09/18 03:38:04 PM
#31   More tariff hitting VEECO in the face. Jlopez21 08/08/18 03:42:37 PM
#30   I've been following a few Veeco people and Jlopez21 08/08/18 10:09:27 AM
#29   Seems like someone is trying to pump the Jlopez21 08/08/18 10:08:48 AM
#28   $2.50 drop before opening bell??? Jlopez21 08/02/18 08:39:03 AM
#27   This stock seems to be a joke. Management Jlopez21 08/02/18 12:29:46 AM
#26   Great buying opportunity now. Jlopez21 07/25/18 10:07:43 AM
#25   What a sinking ship. No new products, reported Jlopez21 05/30/18 03:21:28 PM
#24   When Veeco purchased Ultratech. The value of Ultratech Jlopez21 05/18/18 12:31:10 AM
#23   what a failure of a company! Jlopez21 05/17/18 10:07:45 AM
#22   Why has no one talked about Veeco since 2013?! IsambardKB 02/14/18 11:49:50 AM
#21   Earnings-Call Highlights ECole 07/30/13 03:41:58 AM
#20   ~ $VECO ~ Earnings posted, pending or coming Penny Roger$ 02/07/12 05:04:04 AM
#19   I wonder if that Lazard analyst still has GrthzGd 02/03/12 10:43:18 AM
#18   Lazard Capital is out with its report today Bart Myers 06/03/11 10:53:29 AM
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