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 LED specialist Veeco Instruments
So What: Yesterday the head of GE's lighting division talked about the growth he sees ahead for LED products as he estimated that 75% of the company's $3 billion lighting division could come from LED products within the next decade. A shift like that could be a major boon for LED players like Veeco. Meanwhile, a press release from Veeco this morning noted that "leading global hard disk drive manufacturers" had selected Veeco's technology for their next generation products.
Now What: Perhaps I'm missing something when it comes to the math of Veeco's pop today, but neither piece of news seems to really justify the stock's move. The press release from the company could be good news -- Seagate
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy assures you no Wookiees were harmed in the making of this article.