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Article: Veeco Forms Process Equipment Group to Maximize Growth Opportunities in Data Storage and HB-LED Markets.(Company Profile)
- Article from:
- Business Wire
- Article date:
- January 26, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WOODBURY, N.Y. -- Veeco Instruments Inc. (Nasdaq: VECO), announced today that it has formed a Process Equipment Group to maximize growth opportunities in the data storage and HB-LED industries.
Edward H. Braun, Chairman and Chief Executive Officer of Veeco, commented, "Our Process Equipment Group is a $225 million per year world leader in deposition and etch technologies, focused on the high-growth data storage and high-brightness LED markets. We expect revenue growth in this business to exceed 15% in 2006, as market demand for converged consumer electronics with embedded storage and high brightness LED backlit displays broadens, and Veeco introduces new Process ...