LED/solar equipment maker Veeco (VECO -7.2%) is off sharply after stating it will delay the...

|About: Veeco Instruments Inc. (VECO)|By:, SA News Editor

LED/solar equipment maker Veeco (VECO -7.2%) is off sharply after stating it will delay the filing of its Q3 10-Q. Veeco says it needs more time to evaluate revenue recognition timing for its costly MOCVD LED manufacturing systems. CEO John Peeler claims the systems in question have all been paid in full. (PR)