July 29, 2002 — Veeco Instruments Inc., a Woodbury, N.Y., provider of process equipment and metrology tools used in development of MEMS and other devices, announced it lost $1.6 million, or 6 cents per share in the second quarter, compared to income of $10 million dollars for the same period last year, according to a company news release.

Revenues were $77.3 million, a 31 percent decrease from the $112.1 million reported for the second quarter of 2001. Metrology sales were up slightly from last year, while process equipment sales were down almost 50 percent. The company estimates third quarter revenues in the $75 million to $80 million range.

Veeco recently announced an agreement to merge with FEI Co. The company’s stock was up 59 cents at $13.28 at late this morning.