Veeco Instruments' quarterly profits plunge
Photo credit: Handout | The manufacturing operations at Veeco Instruments Inc., which sells tools to manufacturers of low-energy lighting chips.
Veeco Instruments Inc., which sells tools to manufacturers of low-energy lighting chips used in televisions, cellphones and streetlamps, said Monday that fourth-quarter profits plunged.
The Plainview-based company also forecast a weak start to 2012, with its customers putting off investments in new equipment.
Profit in the October to December period was $23.6 million on sales of $191.7...
