<SEC-DOCUMENT>0001104659-12-083618.txt : 20140212
<SEC-HEADER>0001104659-12-083618.hdr.sgml : 20140212
<ACCEPTANCE-DATETIME>20121212161546
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-12-083618
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20121212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VEECO INSTRUMENTS INC
		CENTRAL INDEX KEY:			0000103145
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				112989601
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		TERMINAL DRIVE
		CITY:			PLAINVIEW
		STATE:			NY
		ZIP:			11803
		BUSINESS PHONE:		516 677-0200

	MAIL ADDRESS:	
		STREET 1:		TERMINAL DRIVE
		CITY:			PLAINVIEW
		STATE:			NY
		ZIP:			11803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VACUUM ELECTRONIC MANUFACTURING CORP
		DATE OF NAME CHANGE:	19700408
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="144" height="48" src="g292211bci001.jpg"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1 Terminal Drive&#160;&#160; </font><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;">&#160;&#160; Plainview, New York 11803 U.S.A.&#160; </font><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;">&#160;&#160; Phone (516) 677-0200&#160;&#160; </font><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;">&#160;&#160; Fax (516) 677-0380&#160;&#160; </font><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;">&#160;&#160; www.veeco.com</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">BY EDGAR</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;12, 2012</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kevin L. Vaughn</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accounting Branch Chief</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Securities and Exchange Commission</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Division of Corporation Finance</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100 F Street, N.E.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mail Stop 3030</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Washington, DC 20549</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Re:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Veeco Instruments Inc.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;10-K for the Year Ended December&nbsp;31, 2011</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filed February&nbsp;22, 2012</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;8-K</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filed November&nbsp;15, 2012</font></p>
<p style="margin:0in 0in .0001pt .5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">File No.&nbsp;000-16244</font></u></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear Mr.&nbsp;Vaughn:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This letter is submitted by Veeco Instruments Inc. (the &#147;<u>Company</u>&#148;) in response to the comments of the staff of the Division of Corporation Finance of the Securities and Exchange Commission (the &#147;<u>Staff</u>&#148;) with respect to the Company&#146;s Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2011, filed February&nbsp;22, 2012, and the Company&#146;s Form&nbsp;8-K filed November&nbsp;15, 2012, (File No.&nbsp;000-16244), as set forth in your letter to John R. Peeler dated November&nbsp;29, 2012.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The text of each comment contained in the Staff&#146;s letter is set forth in italics below, followed by the Company&#146;s response.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Form&nbsp;8-K</font></u></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">1.</font></i><i><font size="1" style="font-size:3.0pt;font-style:italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">We note that you filed a Form&nbsp;12b-25 related to your Form&nbsp;10-Q for the period ended September&nbsp;30, 2012 due to the fact you are evaluating the timing of the revenue recognition for the sale of certain of your Metal Organic Chemical Vapor Deposition (MOCVD) systems and related upgrades to those systems. Please explain to us in detail the nature of the referenced revenue recognition transactions and the results of your evaluation of the transactions.&#160; Please discuss and provide us with references to the specific authoritative U.S. GAAP that you are using when performing the evaluations.&#160; Provide to us an estimate of when you intend to file your September&nbsp;30, 2012 Form&nbsp;10-Q. We may have further comments upon reviewing your response, your September 30, 2012 Form&nbsp;10-Q and any other documents you file prior to the completion of this review.</font></i></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSE:</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The revenue transactions which are referenced in our Form&nbsp;8-K and Form&nbsp;12b-25 are sales of MOCVD systems, during the period from 2009 to the present, which were offered with certain</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman"><img width="246" height="24" src="g292211bci002.jpg"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\107541\12-29221-1\task5705519\29221-1-bc.htm',USER='107541',CD='Dec 12 19:25 2012' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">upgrade opportunities and/or other items which may be subject to multiple element accounting under ASC 605-25 - Revenue Recognition:&#160; Multiple Element Arrangements (formerly known as EITF 00-21 and EITF 08-01).&#160; In our historic financial statements, we generally recognized revenue on the sale of an MOCVD system at the time of shipment and/or customer acceptance of the system.&#160; We are undertaking a review of our historical application of the multiple element arrangement guidance as codified in ASC 605-25 which includes identification of elements in arrangements with customers, determining the separability of those elements into different units of accounting and the allocation of the arrangement&#146;s consideration to those units, which may impact the timing and/or amount of revenue recognized.&#160; If we are required to change the timing of recognition of any revenue, there could be a shift in some or all of the revenue between accounting periods.</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our outside counsel, Morrison Foerster LLP, is supervising the investigation of this matter, assisted by forensic accountants from FTI Consulting.&#160; We are also working closely with our independent auditor, Ernst&nbsp;&amp; Young LLP.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our evaluation of these transactions is ongoing and we are handling this matter as expeditiously as possible.&#160; We cannot estimate when we will complete our review or file our Form&nbsp;10-Q.&#160; Based on the analysis performed to date, we have not concluded that a restatement is required, but the review is continuing. We intend to file the Form&nbsp;10-Q as soon as reasonably practicable after these accounting matters have been addressed.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company acknowledges that:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Company is responsible for the adequacy and accuracy of the disclosure in the filing;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you for your assistance regarding this matter.&#160; Please contact the undersigned at (516) 677-0200 x1301 with any further comments or questions you may have.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sincerely,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VEECO   INSTRUMENTS INC.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.44%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:45.56%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   David D. Glass</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David   D. Glass</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive   Vice President and Chief Financial Officer</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="33" style="border:none;"></td>
<td width="341" style="border:none;"></td>
<td width="374" style="border:none;"></td>   </tr> </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">cc:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Tara Hawkins, Staff Accountant</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jay Webb, Reviewing Accountant</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_191835_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\107541\12-29221-1\task5705519\29221-1-bc.htm',USER='107541',CD='Dec 12 19:25 2012' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g292211bci001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g292211bci001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"``P`)`#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BD9@JEF
M(`'4GM5$:@]VY2PC$@!PTS\(/IZT`97BO08;G2+FXM(A%=Q_O=T?!?'4''7C
M-)X,ELI-"@N$C07.TQRLHRS8/?\`0UN+9[QFYE:<GJ#POY#^M<QX9_XDWB;4
MM";B-SYUOGT__41^59-*,T^YZ5.I*KA9TV]8Z_+9K]3KE;=_"P^M9WB$VL>B
MW$]U"DPB0LBL,_/T&/?)K3K*OD&H:M;676&VQ<3>YZ(OYY/_``$5<MCCH?Q$
MWLM?Z_(K>&O#T.EZ?!)<1B2](WO(W)4D=!Z8'%;U9ESK`%__`&=91?:;L+N<
M;MJ1#U8]OH.:9=W&N6<)N%MK2Z5!EHHV97(]B<@FDK15D:U(U:T^>;U?=_U9
M&M15#1]9M-;LA<VK'`.'1N&0^AJ.XU@?V@=.L8OM-THW2#=M2(>K'^@YJN96
MN8^QJ<S@UJM_(TZ*R+RYUNR@-P+:UNT09>*)F5\>V<@U8TC6+36K(75HQQG#
MHW#(?0TN97L.5&:ASK5>1=9]O\+$>H&::)XF.W>`?0\&J-]K4-I=I8PQ/=7L
M@RL$>,@>K$\*/K39?[:DCS]ET]O^F;R,?UV_THYD"HRLF]+]S4HK%TR>[NS<
M(UO)IT]NP4QLXD1LC.1[?2H/^$H:2Z:S@MXY)(WV/<&3$"GTW8R3[4<R#V$^
M9QMMOM;[]CH:*RY7UU(_,BCL)^,^6&9"?H3D4W2/$%OJLTMJT4EK>P?ZVWEZ
MCW![BCF5[!["?*Y+5+>W0H7MZ^K:DEC&Q2#?M./XL=37111)!$L4:A448`%<
M?/'-I6IABO*/N0G^(9KK+2[AO8!+"V0>H[@^AJC$GKD?&<;Z=?:=X@A'-M((
MY<=U/^2/QKKJI:Q8+JFDW-DW_+5"%/HW4'\\5$U>-CIPM54JRD]MGZ/1D[74
M*VANRX\D)YF[_9QG-4(&>QTFZU*=,3R*UPZGMQ\J_@`!^=8/A>]DU73+;2)`
M<VCG[3G^XI^5?Q/'T4UUE[;B[L9[8G'G1LF?3(Q23YE=&E6DL//V<N^OI_P=
M_N.2\$1ZC/I]U?Q36_F7-P3(TL;,Q('J"..:Z39K'_/Q9?\`?E__`(JN:\`7
M1M3>Z+<_N[B*0N$/4]F_D/SKM:5)7@C;,)2CB9*RMTTZ=#E[#1)O#)U/5&NT
MD22)I#"L94!ADCO]15/P1'J$NF7%[#-;[[F=C(TL;,Q(]P1ZUUE_;?;=/N+7
M./.C9,^F1BN3^']V;=+S1KG]W<0REPC=3V/Y$?K4N*C-+H:1JSK8:K-ZRO&^
MG0Z39K'_`#\67_?E_P#XJLK2M#D\,MJ.H/=K+%)&TC1*FT`C)XY/N*Z6H+VW
M^UV,]MG'G1LF?J,5HXK<X88B23AM%VOHCFO`:-<V=YJTYWW-W.0SGK@=OUKK
M*XOX?WGD)=Z-<?N[B&4N$/4]C^1'ZUVE*E\"-LQ36*E?Y>G0Q/%EZVF^'KNX
MA^6:0",..HR<?RS2>'M,MT\*6MLR`K+$)'/JS<Y^M2>*]/DU+P[<P1*6E`#H
MH[E3G%9_AK7[;_A%H2[CSK8>2T?<D=/TQ2_Y>?(=KX&\?YM?NT_4GT:]DM;Y
MM-F?<@8JA/8C^E4?%N-*UO2M:A^5O,\F;'\:^_X9_2G:1#+>ZNLYZ(WF.U2^
M*H1JNJZ5I$?S-YWGS8_@C'&3]<FG4^$C`.U=7VL[^EG<W[VQ@OX?+F7I]UAU
M4US\NG:CI,IFMF9T'\2#/'N*ZFBM#B,&T\2H<)=Q%&[LG(_*M>"]M;D9AG1_
M8'G\J9<Z=9W?,T"EO[PX/YUFS>&(2<P3NA[!AF@"]IVE0:;+=R0CYKN8RMQT
M]OY_G5ZN=&EZU:_ZB[W@=MY_D:=]J\00\/;^9C_8!_E0E;8J4Y3=Y/4L:KX;
MM-3N$O%>2TO8_N7$)PWX^M/BM=<C78^I6L@_YZ-;$-^C8JK_`&YJ2?ZS3C_W
MRPH_X225?OV##_@1_P`*GE5[FOUBIRJ+U2VND[&K:6;V[-)-=2W$KC!9S@`>
M@4<"J.J^&[34KE+V.22TO8_NW$)PWXCO4'_"3G_GR;_OO_ZU'_"23-]RP8_\
M")_I3<4U9DQK5(2YXNS+<5MKB+L?4K60?\]#;$-^0;%6K2S:W+R2W,MQ*^-S
M.<`>P4<"LK^VM3D_U6G'_OEC3?M'B&?A8?+!_P!D#^="C84JLI*VGR21-JWA
MBVU*[6_@FDLKY.D\7?ZCO3/M.J62;+O5=/;'\?D-O/\`P$-BH_[)UBZ_X^+O
M:/3>3^@J>#PQ;J<SS/(?1?E%+E5[E_6*CBHRU2VND[%0Z])$K)"\EQ(__+25
M0`/]U1_6L^+PI=7UXU\LAL7D.7;:#O\`^`UUUO86MH/W$"*?7&3^=6*;BF3"
MM.#;B]_N^[8Q[33=3M;<6\=Y:Q+WD2W)8GUY;&:LZ?I%OI\DDZEYKF;_`%MQ
5*<NWM[#V%7Z*.5`ZLFFEHGVT/__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g292211bci002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g292211bci002.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"``8`/8#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#U^\NX;&V-
MQ.Q6,,JD@9Y)`'ZD5-63XH_Y`,O_`%UA_P#1J52NH7NM5UA6N)T6WMXGB$<A
M4*Q5^>/H*SE-J5OZZ_Y'53H*=/FO;?\`]M_S.DHKG+42:K/8?:9I@LNFK*ZQ
MN4RYQSQ]34=O=2RZ)IWVRY=(6GDBGFW;20I<*">V2HY_QI>T&\*UU_K7_(Z>
MBN9BDG-MJ1LII9[>T>.6W8N26*_,Z`]QQC\:<;Y9;.\U61I6MKF1(8%5RH"@
M[=Q/\(+$Y/IBCV@?57W[?C;_`#_!G02S1P1-+*X1%&69C@`4><OG^3M;=MW9
MVG;C..OK[5QLYEN_#NNV[.94MF#0[)6<`;02-QP6'7K6HLKQZI<+I\C3(FEA
MX%,A<,^]\=3R3Q252[+EA.5/77_AO\SHJ*Y>QG7[3I;6=Y+<3S_\?:,Y8;=I
M)8C^$AL#''I27*RPZ7+JBW,_GQW[*H,AV[/M!3;CIC%/VFE[$_5;246]]-NN
MJ_0ZFLX:W9&1EW.`LQ@+F,A-X.,9Z=>*N1SQ2RRQ(X+PD!QZ$C(_0USFG:?/
MJ"WD4DR):#4Y79`OS.5DR!GL,@4Y2>EB*-.#3=32UOQ.HI*Y74)KR75+Z(W,
M-L\97[,TMPT>U=H^8*`0WS9SGTQQ5ZPADN==U3SYY2L+1JL:N0HW1+NH52[M
M8IX;ECS-]+_E_F:5IJ$=ZS^2CF-&*^81A6(.#C\15NN0TZ(6GANW9))(XIKQ
MDN)/,/R()'&1GIS@$CUS4DT\D<6HQV%U(]K&L)27>6V2%_F4,>O&#^-2JFFI
MI/")S:@]$[?C8ZNBN?O+39JVE6"W%P(&BN#)^].Y_N$9/U-4(_M">&XM5-W<
M-=17`0$N<%1-Y>".AX[]:;J6;T(CA5))J6_EW;2_(Z^BN0U742+J2XM7,<T%
MTD95[AMS88`XCZ;2,\G'K4]S%++::]=FZN%DM)7,`60@)MB5NG?D]Z/:]AK!
MNR;=K_\``_S.HHKG#<0W6H%=3NW@06\;PH)3&K9!+-D=3GBHM2EFDU*ZA-S#
M#L1?(:6Z:+`*_>``(;G/7TH=32Y,<*V[7Z7_`"^_?4ZBL^;6K.WEN(W,G^C8
M\YA&2J9`/)Z=#4UI<!E$$DJ/<1QH9=G3)'7Z'!KEM3_X_M?5M06W5C'F%@/W
MP\I?E]>>G'K1.;2308>A&I-QET_S2[>9V*L&4,IR",@CO54ZG");2,K(&NV9
M8PRD'Y02<@].!67;>;<^(H@YE@C33XI?LX8@*^YA@_3I^7I5/37DEA\+R2NS
MN3*69CDG]VW4TG4?]>J*6&23;?3])/\`0Z"UU.&\@BFB60K,[(ORG@J2#GT^
MZ:MURFDO(B:&BNRJ]U=AU!P&YD(S3(M1\S5;"XM79%N+DI)&]PS/MPWWDZ+R
M!WH5717_`*V+G@_?:CLK_@W_`)'7TQ)HWD>-7!>/`<`\KGD9KDXQ/'X=35?M
M5P;E+K`S(=NWS]FTCH1BKFG0VMMXFU9GD99-Z.BM*W*F,9.,\\Y^E-5+VTW(
MEA5%2=]K].J:7ZG1T5%;SQW5ND\+!HY%#*P[@T5J<;33LQ[HKKM90P]",TGE
MIECM&6&&..M%%`K@L:)C:BC`VC`Z#TH\F/88]B[#_#CBBB@=V*J*B[54!1P`
M!Q2>4@C\L(NS&-N.,?2BB@5P$2+G:JC/!P.M"PQH0515(&W@8X]***!W8+$B
MLS*B@L<D@=:#%&5*E%*DYQCC.<_SHHH"[%"A22``3U]Z%14SM4#)R<#J:**!
M"/#'(0716*]"1G%*$569@H!;J0.M%%`[L01($V!%"G^''%`AC$?EA%"#^''%
M%%`78IC4L&*@L.AQR*3RH_+\O8NS.=N..N?YT44!<0P1,Q8QH21@DJ.:7RDP
MPV+A_O#'7ZT446"[$:")P`\:L%Z94'%#PQ28WQJ^.FX`XHHHL%V.V`$D`9/4
MTWR(C)YAC3?_`'MHS^=%%`78[RUW[]HW8QG'.*:(8U"@(HV?=P/N_2BB@+@(
M8UVX11MR5P.F>M'D1`EA&F2<D[1U]:**+!=AY,>S9L79G.W''7-*8D+[RBEL
78W8YQ1118+L55"*%4``<`#M1110(_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
