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Veeco - leading the way to lower cost LED

|Includes:Veeco Instruments Inc. (VECO)

LED lighting is the trend for green lighting. LED backlighting technology will make LED screen a mainstream for TVs, computers. This industry is expericing explosive growth. More and more companies are entering this market. The tight supply of the raw material is the main reason for the high cost of LED products. Currently, the use of LEDs is mostly supported by government projects. MOCVD enables making large scale production of super-thin metal-orgainc layer for LED chips. Veeco makes MOCVD equipments. It has been receiving strong bookings and is ramping up the capacity for the MOCVD products. The stock has been rising steadily. I recommed buying on any weakness.

Disclosure: No position

Stocks: VECO