103145--3/1/2006--VEECO_INSTRUMENTS

related topics

{acquisition, growth, future}

{customer, product, revenue}

{stock, price, operating}

{personnel, key, retain}

{property, intellectual, protect}

{operation, international, foreign}

{condition, economic, financial}

{product, market, service}

{financial, litigation, operation}

{cost, regulation, environmental}

{system, service, information}

{competitive, industry, competition}

{provision, law, control}

Risk Factors That May Impact Future Results The cyclicality of the microelectronics industries we serve directly affects our business. We operate in an industry characterized by rapid technological change. We depend on a limited number of customers that operate in highly concentrated industries. The timing of our orders, shipments and revenue recognition may cause our quarterly operating results to fluctuate significantly. Changes in our product mix may cause our quarterly operating results to fluctuate significantly. Our customers may cancel or reschedule their orders with us. Our sales cycle is long and unpredictable. We face securities class action and shareholder derivative lawsuits which could result in substantial costs, diversion of management s attention and resources and negative publicity. Our acquisition strategy subjects us to risks associated with evaluating and pursuing these opportunities and integrating these businesses. Our inability to attract, retain and motivate key employees could have a material adverse effect on our business. We are exposed to the risks of operating a global business. We are subject to foreign currency exchange risks. Our success depends on protection of our intellectual property rights. We may be subject to claims of intellectual property infringement by others. We rely on a limited number of suppliers. Our outsourcing strategy could adversely affect our results of operations. Changes in accounting standards for stock-based compensation may adversely affect our stock price and our ability to attract, motivate and retain key employees. The implementation of a new information technology system may disrupt our operations. We may not obtain sufficient affordable funds to finance our future needs. We are subject to risks of non-compliance with environmental and safety regulations. We have adopted certain measures that may have anti-takeover effects which may make an acquisition of our company by another company more difficult.

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103145--3/1/2006--VEECO_INSTRUMENTS_INC