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Veeco to Host Business Update Conference Call

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By Business Wirevia The Motley Fool

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Veeco to Host Business Update Conference Call

PLAINVIEW, N.Y.–(BUSINESS WIRE)– Veeco Instruments Inc. (NAS: VECO) will distribute select first quarter 2013 business highlights after the market closes on Monday, April 22, 2013. A conference call will be held at 5:00PM ET that day to review the business highlights, as well as current business conditions and outlook. Due to the Company’s ongoing revenue recognition accounting review, only select financial results will be disclosed.

For information concerning the accounting review, please see the Company’s Current Report on Form 8-K filed on March 1, 2013 by clicking here. The Company continues to conduct the review and intends to file its Forms 10-Q and 10-K as soon as reasonably practicable after these accounting matters have been resolved.


Conference call Details:

Callers should dial 1-888-539-3696 (toll free) or 1-719-785-1753 using passcode 4649475. The call will also be webcast live on the Veeco website at www.veeco.com. A replay of the call will be available beginning at 8:00pm ET that same evening through 8:00pm ET on May 6, 2013 at 888-203-1112 or 719-457-0820, using passcode 4649475, or on the Veeco website.


About Veeco

Veeco’s process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2011 …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Veeco MOCVD Chosen for CEA-Leti and Aledia's New Nano-LED Venture

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By Business Wirevia The Motley Fool

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Veeco MOCVD Chosen for CEA-Leti and Aledia’s New Nano-LED Venture

PLAINVIEW, N.Y.–(BUSINESS WIRE)– Veeco Instruments Inc. (NAS: VECO) announced today that CEA-Leti, a world-renowned research lab based in Grenoble, France, has selected Veeco’s TurboDisc® K465i Metal Organic Chemical Vapor Deposition (MOCVD) system for its program with Aledia, its nanowire-LED partner.

Aledia is a start-up company spun out of the CEA-Leti labs in 2011, and based at the CEA site. It counts among its three founders two former CEA researchers, Xavier Hugon and Philippe Gilet. Aledia’s goal is to manufacture 3D nanowire-based LEDs for solid-state lighting applications on thin silicon wafer substrates, of 8 inches or greater in diameter, at a cost significantly below that of conventional planar LEDs. Nanowires are thin crystalline structures that, when electrically charged, can emit a broader spectrum of light than conventional LEDs, and can be grown on industry-standard silicon substrates. Aledia’s nanowire technology was originally developed at CEA-Leti, and Aledia and CEA-Leti continue to develop nanowire technology in close cooperation.

Fabrice Geiger, Head of CEA-Leti’s Silicon Technology Division, commented, “We are confident that Veeco’s MOCVD system is the right equipment to help make this technology successful.”

According to Giorgio Anania, Aledia’s President and Chief Executive Officer, “The TurboDisc reactor will be an important element of our strategy to take this potentially game-changing technology towards the commercialization phase. In partnership with CEA-Leti, we selected Veeco because our analysis indicated that at this time their MOCVD systems showed the best financial returns for 8 inch wafer production on the market.”

William J. Miller, Ph.D, Veeco’s Executive Vice President, commented “We are looking forward to working with CEA-Leti and Aledia on their efforts to commercialize nanowire LED technology, which shows promise to accelerate the industry’s roadmap towards cheaper and more efficient LEDs.”



About CEA-Leti

CEA-Leti is one of the top research institutes in Europe, with 1700 researchers and a 250 million Euro budget focused on basic research publications, applied research patents, pilot line prototypes and mass production products. CEA-Leti has over 1,880 patents in its portfolio, has created over 50 start-ups and spin offs, has 47 common laboratories with industrial partners and …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Veeco Receives NASDAQ Notice Regarding Late Form 10-K Filing

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By Business Wirevia The Motley Fool

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Veeco Receives NASDAQ Notice Regarding Late Form 10-K Filing

PLAINVIEW, N.Y.–(BUSINESS WIRE)– Veeco Instruments Inc. (NAS: VECO) announced today that it received a letter from The NASDAQ Stock Market LLC (“NASDAQ“) on March 5, 2013 notifying the Company that it is not in compliance with NASDAQ Listing Rule 5250(c)(1) because its Annual Report on Form 10-K for the year ended December 31, 2012 was not filed on a timely basis with the Securities and Exchange Commission. As previously announced, the Form 10-K, as well as the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2012, could not be filed timely because the Company is reviewing the timing of revenue recognition of MOCVD systems and related upgrades to these systems.

Veeco had previously announced that it had submitted to NASDAQ a plan to regain compliance with NASDAQ‘s requirements for continued listing and that NASDAQ had granted an extension, to May 20, 2013, for the Company to regain compliance with NASDAQ‘s requirements for continued listing. The NASDAQ letter dated March 5, 2013 requires Veeco to submit an update to its original plan to regain compliance with NASDAQ‘s filing requirements for continued listing by March 20, 2013. Veeco intends to submit such an update to its original plan by the required date.

For further information concerning the accounting review, please see the Company’s Current Report on Form 8-K filed on March 1, 2013 by clicking here. The Company continues to conduct the review and intends to file its Forms 10-Q and 10-K as soon as reasonably practicable after these accounting matters have been addressed.



About Veeco

Veeco’s process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit www.veeco.com.

…read more
Source: FULL ARTICLE at DailyFinance