Varian Semiconductor Equipment Associates -- VSEA Message Board

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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: Proud_Infidel who wrote (884)	9/27/2000 10:28:28 AM
From: Proud_Infidel	Read Replies (1) of 1929

Varian Semiconductor Equipment Associates (NASDAQ: VSEA $34.00) Strong Buy Sue Billat, Semiconductor Equipment/Foundries “We believe VSEA shares have pulled back, in large measure, due to the weakness in DRAM spot prices,” said Billat. “In an ongoing efforts to reduce costs and increase productivity, we believe DRAM manufacturers are accelerating their spending on capacity additions for next year. Given that many of Varian’s equipment have a six to nine month lead time, spot market prices have little bearing on near-term business outlook. Varian, which has historically had a high level of exposure to the DRAM industry, should benefit with the increased spending activity from the memory sector in the coming quarters, in our view. Moreover, the use of single wafer processing will, we believe, increase significantly with the transition to 0.13 micron technology node and the conversion to the larger 300 mm wafer size. As a leader in single wafer implanter tools, we believe Varian is well positioned to capitalize on the above trend. We reiterate our Strong Buy rating.”

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