Key Developments For Veeco Instruments Inc
Veeco Instruments Inc (VECO.O) (Nasdaq)
Veeco Instruments, Inc. Completes Common Stock Offering
Veeco Instruments, Inc. announced that it has closed its recent public offering of common stock. Veeco sold 5,750,000 shares of common stock (including 750,000 shares representing full exercise of the underwriters' overallotment option granted in connection with the public offering) at a public offering price of $23.75 per share. The exercise of the overallotment option brings the total net proceeds of the public offering to $130.1 million, after deducting offering expenses, underwriting discounts and commissions payable by Veeco. Veeco intends to use the proceeds from the offering for general corporate purposes, including potential acquisitions. Citi and J.P. Morgan served as joint book-running managers for the offering. Canaccord Adams Inc. and Piper Jaffray & Co. acted as co-managers.
Veeco Instruments, Inc. Prices Common Stock Offering
Veeco Instruments, Inc. announced that the public offering of 5,000,000 shares of its common stock has priced at $23.75 per share, for gross proceeds of $118.8 million. The offering includes a 30 day option for the underwriters to purchase up to 750,000 additional shares to cover overallotments, if any. The offering is expected to be completed on November 3, 2009. Veeco intends to use the proceeds from the offering for general corporate purposes, including potential acquisitions. Citi and J.P. Morgan served as joint book running managers for the offering.
Veeco Instruments, Inc. Announces Public Offering of Its Common Stock
Veeco Instruments, Inc. announced that it has commenced an underwritten public offering of up to 5,000,000 shares of its common stock. The offering includes a 30 day option for the underwriters to purchase up to 750,000 additional shares to cover overallotments, if any. Veeco intends to use the proceeds for general corporate purposes, including potential acquisitions. Citi and J.P. Morgan are serving as joint book-running managers for the offering.
Veeco Instruments, Inc. Issues Q4 2009 Guidance Above Analysts' Estimates; Raises FY 2009 Revenue Guidance; Receives Order For TurboDisc Metal Organic Chemical Vapor Deposition Systems
Veeco Instruments, Inc. announced that for the fourth quarter of 2009, it expects revenues to be between $120-$130 million, with earnings per share (EPS) between $0.25 to $0.35 on a GAAP basis and $0.29 to $0.35 on a non-GAAP basis. Fiscal 2009 revenue guidance is now $353-$363 million, up from previous guidance of $310-$325 million. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.12 on revenue of $100 million for the fourth quarter of 2009; revenue of $321 million for fiscal 2009. The Company also announced that Sanan OptoElectronics of China has placed multiple tool orders for the Company's TurboDisc Metal Organic Chemical Vapor Deposition (MOCVD) Systems to expand their manufacturing capacity of high brightness light emitting diodes (HB-LEDs).
Veeco Instruments, Inc. Announces Contract
Veeco Instruments, Inc. announced that Bridgelux, Inc., has placed a multi-unit order for Veeco`s TurboDisc K465 gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) systems to support its production ramp.
