Initiating Coverage: ACCL, FEIC, VECO
Companies: Accelrys *ACCL*, FEI Company *FEIC*, Veeco *VECO*
Initiated: ACCL: 7/22/05, FEIC: 7/22/05, VECO: 9/30/05
Price upon Initiation: ACCL: $5.55, FEIC: $23.09, VECO: $16.04
Descriptions:
Accelrys: Accelrys, Inc., formerly Pharmacopeia, Inc. develops and commercializes scientific software and technology that accelerates and improves drug discovery and chemical development. The Company's molecular modeling, simulation, informatics, workflow and data pipelining software support both the life sciences and materials research markets. -Yahoo
Veeco: Veeco Instruments Inc. designs, manufactures, markets and services a line of equipment primarily used by manufacturers in the data storage,semiconductor, compound semiconductor/wireless and high-brightness lightemitting diode industries. Veeco's line of products allows customers to improve time-to-market of their products. The Company offers two principal product lines: process equipment and metrology. -Yahoo
FEIC: FEI Company (FEI) designs, manufactures, markets and services products and systems that are used in research, development and manufacturing of very small objects, primarily by providing an understanding of their three-dimensional shape. The majority of the Company's customers work in fields that are classified as nanotechnology. FEI's products are based largely on focused charged particle beam technology. -Yahoo
Investment Thesis: Be it selling jeans to gold diggers or genetic sequencing tools to biotech companies, where ever there's a boom, there's somebody making a killing off of the greedy money. As the only major vendords of nano-enabled microscopes and molecular modeling software, these companies have dominant market positions to capitalize on the sale of tools to research labs and companies specializing in nanotechnology. As funding grows for nanotechnology, so will the market for tool providers. Veeco sells well over 50% of the atomic force microscopes in the United States. FEIC generates most of its revenue from nanotechnology as the principle provider of STMs (scanning tunneling microscopes) and is exiting the semiconductor test business. Accelrys dominates the molecular modeling market, but is mostly focused on materials modeling. I believe these three companies show promise as long-term nanotech plays.
Initiated: ACCL: 7/22/05, FEIC: 7/22/05, VECO: 9/30/05
Price upon Initiation: ACCL: $5.55, FEIC: $23.09, VECO: $16.04
Descriptions:
Accelrys: Accelrys, Inc., formerly Pharmacopeia, Inc. develops and commercializes scientific software and technology that accelerates and improves drug discovery and chemical development. The Company's molecular modeling, simulation, informatics, workflow and data pipelining software support both the life sciences and materials research markets. -Yahoo
Veeco: Veeco Instruments Inc. designs, manufactures, markets and services a line of equipment primarily used by manufacturers in the data storage,semiconductor, compound semiconductor/wireless and high-brightness lightemitting diode industries. Veeco's line of products allows customers to improve time-to-market of their products. The Company offers two principal product lines: process equipment and metrology. -Yahoo
FEIC: FEI Company (FEI) designs, manufactures, markets and services products and systems that are used in research, development and manufacturing of very small objects, primarily by providing an understanding of their three-dimensional shape. The majority of the Company's customers work in fields that are classified as nanotechnology. FEI's products are based largely on focused charged particle beam technology. -Yahoo
Investment Thesis: Be it selling jeans to gold diggers or genetic sequencing tools to biotech companies, where ever there's a boom, there's somebody making a killing off of the greedy money. As the only major vendords of nano-enabled microscopes and molecular modeling software, these companies have dominant market positions to capitalize on the sale of tools to research labs and companies specializing in nanotechnology. As funding grows for nanotechnology, so will the market for tool providers. Veeco sells well over 50% of the atomic force microscopes in the United States. FEIC generates most of its revenue from nanotechnology as the principle provider of STMs (scanning tunneling microscopes) and is exiting the semiconductor test business. Accelrys dominates the molecular modeling market, but is mostly focused on materials modeling. I believe these three companies show promise as long-term nanotech plays.
posted by Clayton at 10:46 PM
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