Veeco Instruments (VECO -2.4%) succumbs to technical resistance today, in spite of its earlier...

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

Veeco Instruments (VECO -2.4%) succumbs to technical resistance today, in spite of its earlier announcement that the Korean Photonics Technology Institute has purchased one of its GEN20 Molecular Beam Epitaxy systems. The system will be shipped to the institute's Laser-IT Research Center and Photonics System Lab in Gwangju, South Korea for high-powered laser diode research.