"Looking ahead, end market signals in MOCVD are mixed but appear to be trending in a positive direction," Chairman and CEO John Peeler said. "Some key LED customers are operating at close to full utilization rates, and we are now booking some rush purchase orders -- the first we have seen in two years." With the stock flirting with its 52-week highs and trading at a 30-plus forward P/E, however, I'd wait for some of the excitement to fade before betting too much on that turnaround talk. Interested in more info Veeco?