Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Veeco Instruments
So what: Citigroup downgraded Veeco from buy to hold on concerns of a saturated market in China. If Chinese equipment orders come to a standstill, as Citi predicts will happen in the first half of 2011, Veeco's largest market would take a severe blow to its revenues and profitability.
Now what: Citi also downgraded Veeco rival Aixtron
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