Veeco Instruments Inc. (NASDAQ:VECO) Q4 2019 Earnings Conference Call - Final Transcript

Feb 13, 2020 • 04:30 pm ET

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Veeco Instruments Inc. (NASDAQ:VECO) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
William Miller

and micro-LED display markets.

And finally, in the scientific and industrial market, the data storage dynamics driven by cloud computing and big data continue to be positive for Veeco. Sales to our data storage customers were again strong in the fourth quarter, and we expect sales to remain strong at least through the end of 2020. Looking ahead to our priorities in 2020. We are focused on prioritizing our R&D spend on the projects that are strategically and financially most impactful to the company and strengthening our foundational businesses. We also seek to extend our core technologies into the front-end semiconductor and photonics and RF markets. And we are starting to see the operating leverage benefits of actions taken to improve gross margins and reduce our operating expenses. We expect to continue to reduce operating expenses and delivered strong gross margins throughout 2020.

And with that, John and I will be happy to take your questions. Operator, please open.