Seeking Alpha

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.
From other sites
Comments (1)
  • Philip Marlowe
    , contributor
    Comments (1163) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs