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Veeco (VECO +3.3%) rallies after UBS raises its estimates and PT, citing expansion plans from...

Veeco (VECO +3.3%) rallies after UBS raises its estimates and PT, citing expansion plans from the company's top Chinese customer. The report might also be giving a lift to LED wafer vendor Rubicon (RBCN +3.3%). Veeco and rival Aixtron (AIXG -1.2%) sold off last month on a report the companies have drastically cut prices for LED manufacturing gear due to Chinese competition. Shares sold off more moderately in early May on a report the Shenzhen, China government is ending an LED manufacturing incentive plan.
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Comments (1)
  • Philip Marlowe
    , contributor
    Comments (1046) | Send Message
     
    Wow, why does UBS recommend a company that is several quarters late on their filings and may actually get delisted?
    29 May 2013, 02:03 PM Reply Like
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