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Veeco's stay of suspension extended by NASDAQ

The III-V semiconductor equipment provider has received stay of suspension pending a NASDAQ hearing
On June 17th, 2013, Veeco Instruments Inc. received a letter from the NASDAQ Stock Market LLC.

The letter indicated that the NASDAQ Listing Qualifications Panel had granted the company’s request to extend the stay of suspension of trading in its common stock pending a final determination regarding the Veeco’s listing status following a hearing before the Panel.

The hearing has been scheduled for June 27th, 2013.

At the hearing, Veeco will request additional time to satisfy the NASDAQ listing requirement that the firm be current in its filings with the Securities and Exchange Commission.

The Panel typically issues decisions within 30 days of the hearing date. However, there is no requirement that the Panel do so within that time frame.

Veeco will provide an update regarding its continued listing status once a decision on this matter has been issued following the hearing.
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