DATA STORAGE…80 GB introductions proceed, Veeco orders up 22% Y/Y, 67% Q/Q
Industry continues to increase areal density (60% per year)… new TFMH technology transitions from GMR TMR CPP. Introduction of 80GB and 120 GB platters require new Process Equipment and Metrology
Positive customer response to new Veeco product technology in IBD/IBE/PVD and Metrology…Q1 orders of $29.7M, up 67% sequentially, included multiple tool orders from three major Data Storage accounts
Veeco announced a joint development agreement with 2 Japanese manufacturers for new PVD Deposition equipment for development of advanced 120 Gb/in˛ GMR/TMR thin film heads
Enterprise Server and Consumer markets show signs of growth …TFMH head production forecasted to grow (up 7%) in 2003 …number of heads per drive now stable