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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: BMcV who wrote (1187)11/22/2000 3:33:52 PM
From: Proud_Infidel  Read Replies (3) of 1929
 
Varian to repurchase 2 million shares
NEW YORK, Nov 22 (Reuters) - Varian Semiconductor Equipment Associates Inc. (NasdaqNM:VSEA - news) said Wednesday its board has authorized the repurchase of up to 2 million shares, or about 6.25 percent of its common stock.

The Gloucester-Mass-based company said that, as of Sept. 29, it had about 32.1 million shares of common stock outstanding.

The company said the stock would be bought from time-to- time on the open market or in privately negotiated transactions.

In afternoon trading on Nasdaq, Varian was trading at $22-1/4, down 1/4 on the day. The stock has a 52-week range of $18 to $73-1/4.
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