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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA
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To: Proud_Infidel who wrote (1097)10/27/2000 1:06:31 PM
From: FJB  Read Replies (2) of 1929
 
Sue Billat downgraded VSEA today. I must have listened to the wrong Varian Semiconductor Equipment conference call, because I don't get it. I understand that analysts did not like the guidance for 30% sales growth over the next fiscal year, because it means approximately flat sales from this past quarter. But the company stated several times that they were trying to be conservative.

Billat upgraded the stock at a higher price in November '99 and now the company is expected to make $4 over the next year, so she downgrades.
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