Earnings Call Excerpt
Veeco Instruments Inc. (VECO)
Q3 2009 Earnings Call
October 26, 2009 5:00 pm ET
Executives
Debra Wasser – Senior Vice President Corporate Communications & Investor Relations
John Peeler – Chief Executive Officer
Jack Ryan – Senior Vice President Finance, Corporate Controller
Analysts
Timothy Arcuri – Citi
Matt Petkun – D.A. Davidson & Company
Andrews Abrams – Avian Securities
Joanne Feeney – FTN Equity Capital Markets
Krish Sankar – Merrill Lynch
Bill Ong – Merriman, Curhan, Ford
Patrick Ho – Stifel Nicolaus
David Dooley – Steelhead Securities
Peter Wright – GC Research
Presentation
Operator
Welcome to the Veeco third quarter 2009 earnings conference call. (Operator Instructions) For opening remarks and introductions, I would like to turn the conference over to the Senior Vice President of Corporate Communications & Investor Relations, Ms. Debra Wasser. Please go ahead.
Debra Wasser
Thank you operator and thank you all for joining today's call. Joining me today are John Peeler, our Chief Executive Officer and Jack Ryan, our Chief Financial Officer. Today's earning's release was distributed at 4:00 pm this afternoon and is available on Veeco’s website. Also posted on our site is a PowerPoint overview of our third quarter financial results.
As you have probably seen, today we announced that we have commenced an underwritten public offering of up to five million shares of Veeco common stock. The offering includes a 30 day option for the underwriter to purchase up to 750,000 additional shares to cover over-allotment if any. Veeco intends to use the proceeds for general corporate purchases. Due to SEC regulations we are prohibited from discussing this transaction any further on this conference call.
This call is being recorded by Veeco Instruments and is copyrighted material. It cannot be recorded or rebroadcast without Veeco's express permission. Your participation implies consent to our taping. To the extent that this call discusses expectations about market conditions, market acceptance and future sales of the company's products, future disclosures, future earnings 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 are discussed in the business description and management’s discussion and analysis sections of the company's report on form 10-K and annual report to shareholders and in our subsequent quarterly reports on form 10-Q, current reports on form 8-K and press releases.
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