Veeco operating performance better MOCVD equipment market in the future may be more than half

Veeco MOCVD (MOCVD) manufacturers, in October 2010 announced at the end of the third quarter earnings, the quarter revenue of $277 million, compared with the second quarter growth of 9.5%, compared with growth of 180% over the same period last year, which belongs to MOCVD of led&Solar equipment department accounted for 88% of revenue, $243 million.

The third quarter of 2010 LED&Solar equipment revenue accounted for the vast majority of revenues of Veeco, there are two main reason. First, Veeco in October 2010 will be weighing (Metrology) equipment department sold to Bruker, the main cause of the remaining LED&Solar and data storage (DataStorage) 2 major equipment sector. Another reason is that in the global LCD display with LED backlight and LED lighting development, MOCVD is the main cause of the current Veeco, the third quarter of 2010 sales of up to $236 million.

LED&Solar equipment sector revenue performance is good, but the order from the third quarter of 2009 began to gradually reduce shipments. The third quarter of 2009 shipment ratio is 3.4 to the third quarter of 2010 dropped to 1, the VeecoMOCVD orders the main source of South Korea's LED factory, from 2009 to 2010 active plant expansion, to the end of 2010 MOCVD machine volume is nearly saturated, so after the third quarter of 2010 from South Korea's MOCVD orders will be significantly reduced.

But the Veeco for future MOCVD market is still optimistic, although South Korea reduced orders, but the increase in the number of customers in Taiwan, and the mainland LED industry in the initial period, the government began to provide MOCVD machine subsidies from 2010, future orders will increase rapidly.

Veeco estimates, the fourth quarter of 2010 compared with the third quarter revenue will increase 8 million ~4300 million, compared with the third quarter operating profit will grow 4 million to $17 million. The Veeco also believes that excellent financial performance will continue at least until the first quarter of 2011.