Veeco forms process equipment group

Jan. 27, 2006 — Veeco Instruments Inc. (Nasdaq: VECO), announced that it has formed a process equipment group to maximize growth opportunities in the data storage and HB-LED industries.

In establishing the group, Veeco appointed Robert Oates, formerly in charge of Veeco’s data storage operations as senior vice president for process equipment operations. Oates joined Veeco’s predecessor company in 1976.

Edward Braun, Veeco chairman and CEO, said in a prepared statement that the company expects revenue growth in the process equipment business to exceed 15 percent in 2006, as demand for converged consumer electronics with embedded storage and high brightness LED backlit displays broadens.


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