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February 15th, 2006
Veeco Victorious in 2006?
Dan Bloom: I bought a few shares of Veeco Instruments (Nasdaq: VECO) a while back and just filed them away, expecting that a cyclical wave would eventually take my shares for a ride. But even after Tuesday's 11% shellacking, I only have a small gain so far. After digging through the results that Veeco posted on Monday, it looks like the cyclical uptick I'm hoping for won't occur in 2006. While the company's fourth-quarter and full-year results show improvements, Veeco's weak guidance for the first quarter of this year raises question marks.
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