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 (1208)	11/22/2000 4:09:59 PM
From: Red Heeler	Read Replies (1) of 1929

Varian to repurchase 2 million shares The VSEA announcement follows announcements from IDTI and TER which are buying back ~5% and ~6%, respectively, of their shares. That's great news for the long term. The IDTI and TER announcements seem to have had little effect on their short-term prices because of the uncertainty over the presidential race. But when the winner is announced and the market turns up these stock buybacks are going to be a great help. I wonder if these announcements may also be marking the bottom? Back in '87 a lot of companies announced stock buybacks after their prices dropped much too low. The market stabilized and soon after turned for the better. Here's hoping there are more announcements of this type to come. CC

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