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AKvetch

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Alias Born 07/07/2002

AKvetch

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Monday, 07/15/2002 9:10:35 AM

Monday, July 15, 2002 9:10:35 AM

Post# of 704019
VECO downgrade [Briefing.Com] 7:46AM Veeco Instruments downgraded at Bear Stearns (VECO) 18.05: Bear Stearns downgrades to ATTRACTIVE from Buy and cuts price target to $30 from $60 after Friday's VECO/FEIC merger announcement; says the valuation premium of FEIC over VECO rather than a merger of equals calls into question the future value of some parts of VECO such as process equipment and data storage, and leads to considerable uncertainty in the short run.



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