Varian Semiconductor Equipment Associates -- VSEA Message Board

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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: etchmeister who wrote (1708)	5/5/2005 10:01:51 PM
From: Proud_Infidel	of 1929

To: Sam Citron who wrote (23170) 5/5/2005 6:11:17 PM From: sixty2nds Read Replies (1) of 23175 17:07 VSEA Varian Semi highlighted with a $53 tgt - BusinessWeek (37.62 +0.03) BWeek highlights Varian Semiconductor (VSEA) which shares jumped 8% when the market opened on Apr. 29â€”after a report of surprisingly strong earnings and improved prospects. Watch for more such happy days, says Patrick Ho of broker Legg Mason. Ho believes Varian shares will climb from their recent $38 to $53 in 12 months. The company is in a prime position to pro?t from a rebound in demand by semiconductor companies. VSEA makes specialty machines that implant ions in wafers so the chips can be more powerful. The machines, the analyst argues, will attract more orders from top-tier chipmakers such as Intel and Samsung, which have been working off inventories and looking to make next-generation chips. He sees Varian earnings climbing in the ?scal year ending Sept. 30, 2006, to $2.55, up from $1.65 this year. That would support the stock at $53, or 21x earnings. (Briefing.com note: VSEA's mkt cap is $1.38 bln)

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