Tuesday October 17, 3:46 pm Eastern Time
Press Release
Varian Semiconductor Equipment Associates Comments On Unusual Market Activity
GLOUCESTER, Mass.--(BUSINESS WIRE)--Oct. 17, 2000--In response to unusual market activity this week and an unprecedented number of calls from interested investors, Varian Semiconductor Equipment Associates, Inc. (Nasdaq: VSEA - news) said that its guidance on business performance has not changed since its earnings release and conference call of July 26, 2000.
The company, as previously announced, will release its earnings after the market on Thursday, October 26, 2000 and conduct a conference call reviewing its fourth quarter fiscal 2000 and year-end results at 5 p.m. eastern time that day.
The conference call will be publicly available on Varian Semiconductor's website at www.vsea.com. In addition to the live webcast, a replay will be available on Varian Semiconductor's website.
About Varian Semiconductor
Varian Semiconductor Equipment Associates is a leading producer of ion implantation equipment used in the manufacture of semiconductors. The company is headquartered in Gloucester, Massachusetts, and operates from three manufacturing sites and 26 worldwide offices. Varian Semiconductor maintains a web site at www.vsea.com.
Note: This press release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the industry outlook, the company's sales growth, future financial results, market share, capacity utilization and technological improvements and benefits, and any statements using the terms ``believes,'' ``anticipates,'' ``expects,'' ``plans,'' ``appears'' or similar expressions, are forward-looking statements. The forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the short operating history for the company as a separate entity; volatility in the semiconductor equipment industry; significant fluctuations in the company's quarterly operating results; risks associated with the company's transition to a new information technology infrastructure; the impact of rapid technological change and the company's dependence on the development and introduction of new products; the company's concentration on ion implantation systems and related products; concentration in the company's customer base and lengthy sales cycles; the highly competitive market in which the company competes; risks of international sales; foreign currency risks; uncertain protection of patent and other proprietary rights; potential environmental liabilities; the company's reliance on a limited group of suppliers; the ability of the company's suppliers to respond to increased demand for parts; the company's dependence on certain key personnel; as well as other risk factors described from time to time in the company's periodic reports and registration statements filed with the Securities and Exchange Commission. The company cannot guarantee any future results, levels of activity, performance or achievement. The company undertakes no obligation to update any of the forward-looking statements after the date of this press release. |
