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Fly News Breaks for December 10, 2015
AIXG, VECO
Dec 10, 2015 | 09:34 EDT
Benchmark analyst Mark Miller noted that Aixtron (AIXG) announced an agreement regarding a substantial reduction in orders from customer San'an Optoelectronics, adding that Veeco (VECO) has been shipping its reactors without any delays to San'an this year. Miller views the news as evidence of the superiority of Veeco's new reactor, but doesn't think San'an order from Veeco for the entire 47 tools that Aixtron failed to deliver and will instead order piecemeal as demand dictates. Miller keeps a Buy rating and $30 price target on Veeco shares.
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