LED/hard drive equipment maker Veeco (VECO -2.1%) slides after reporting its Q4 bookings totaled...

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

LED/hard drive equipment maker Veeco (VECO -2.1%) slides after reporting its Q4 bookings totaled $92.3M, +10% Q/Q but -37% Y/Y. The company, whose full Q4 results are on hold thanks to an accounting review, added it doesn't "see any clear signs" LED industry overcapacity and weak end-market demand for hard drives will improve in the near-term. Moreover, "competitive pricing pressure" exists in the LED equipment space. AIXG -1.6%.