VECO Upgrade [Well-known firm? <g>]
Hoefer & Arnett Upgrades Rating on Veeco Instruments
July 12, 2002 2:38:00 PM ET
SAN FRANCISCO, July 12 /PRNewswire-FirstCall/ -- Hoefer and Arnett technology analyst, Mark Miller, upgraded Veeco Instruments VECO from a hold to a buy. Veeco's merger with FEI Company clearly gets the firm back on track for solid growth. The complementary nature of each firm's metrology technology is a plus. Besides making Veeco a major player in semiconductor metrology it also positions the firm as a clear leader in the nanotechnology revolution. Veeco also benefits from FEI's higher historical margins and boarder, more stable customer base. We also believe this merger could spark additional consolidation in the semiconductor equipment space.
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