Brian,
Do you know what the revenue estimates were?
biz.yahoo.com
"Varian Semiconductor Equipment Associates Comments On Fiscal 2001
First Quarter Results and Anticipated
Outlook
GLOUCESTER, Mass.--(BUSINESS WIRE)--Jan. 10, 2001--Varian Semiconductor Equipment Associates, Inc.
(NASDAQ:VSEA - news) today announced that it expects to report fiscal first quarter 2001 revenues in the range of
$223 to $228 million.
In addition, the company advised that it continues to make improvements in its gross margin and to carefully
manage its operating expenses.
As a result of the uncertain general economic outlook, the company also advised that visibility into the coming
quarters of fiscal 2001 is less clear than it had been earlier in the first fiscal quarter. Therefore, the company's
guidance for the balance of fiscal 2001 is being updated.
``We have recently received requests from a few customers to delay some deliveries. These requests, combined
with general market uncertainty, have caused us to update our guidance for the rest of fiscal 2001,'' said Richard
A. Aurelio, Varian Semiconductor's president and chief executive officer. ``We now expect our annual revenue
growth to be in line with the revised industry's growth projections of approximately 10 percent year over year,
while our recurring net income is expected to grow by 15 to 25 percent.''
Aurelio also commented, ``As indicated previously, we expect selling, general and administrative expenses to be
approximately 12 to 13 percent of revenue, and we will continue to increase our investment in research and
development. We remain optimistic about the long-term outlook for growth in ion implantation and the continued
shift to single wafer processing. Our leadership in technology and customer satisfaction as well as gains in market
share should all contribute to long-term revenue growth, as the increasing information content of chips requires the
highly sophisticated processing offered by our VIISta single wafer common platform.''
Varian Semiconductor will issue results for its first quarter of fiscal 2001, which ended December 29, 2000, after
the close of the market on January 25, 2001." |
