Technological advances in data storage and LEDs will spur demand for Veeco's latest products.
Veeco, with more than 60% market share, is the leading supplier of manufacturing equipment to the data storage industry.
High-brightness LEDs are finding their way into more illumination applications because they last longer and have lower energy consumption than incandescent bulbs. As a supplier to the LED industry, Veeco stands to benefit. Read more
Capital spending by the majority of Veeco's customers tends to be highly volatile because they operate in cyclical industries.
Veeco has made a number of acquisitions and may make more. Acquisitions can be risky, as Veeco could overpay, fail to integrate a purchase, or weaken its balance sheet.
Returns on invested capital are hurt by long product build times of one to six months and sales to Japan, where longer payment terms are the norm. Read more
John Peeler became CEO in July 2008. Before joining Veeco, Peeler was president of the communications test and measurement business at JDS Uniphase. He previously had been CEO of Acterna, which was purchased by JDS in 2005. CFO Shubham Maheshwari joined Read more
Founded in 1990, through a buy-out of its predecessor company's assets, Veeco Instruments supplies equipment to manufacturers of hard disk drives, semiconductors, and light-emitting Read more