Your article on Veeco Instruments Inc. of Plainview, a maker of equipment used to manufacture electronics, highlights a major problem with the U.S. economy [“Veeco savings plan boosts shares,” News, Oct. 6].
Rather than spend more on research and development to improve the long-term prospects of the company, Veeco is cutting $10 million in annual research spending to boost its stock price. To Wall Street, this makes the company more valuable?
Following this line of thought, perhaps I should stop spending money to care for and educate my children.
Bob Nicolai, Northport