Varian Semiconductor Equipment Associates -- VSEA Message Board

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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: Sun Tzu who wrote (1721)	7/29/2005 3:27:28 PM
From: Proud_Infidel	of 1929

Japanese business bolsters Varian revenue Friday July 29, 3:02 pm ET Demand from Japanese customers helped semiconductor equipment manufacturer Varian Semiconductor Equipment Associates Inc. (Nasdaq: VSEA - News) boost revenue 14 percent year over year for the company's third fiscal quarter. Gloucester-based Varian Semiconductor, which specializes in making ion-implantation systems, reported sales of $166.7 million for the third fiscal quarter, compared with $146.1 million for the same quarter in 2004. Varian's profit for the two quarters was nearly identical: $19.3 million, or 51 cents per diluted share, during the most recent quarter, compared with $19.3 million, or 52 cents per share, for the same period in 2004. Recent orders from a major Japanese semiconductor manufacturer boosted sales, Varian Semiconductor CEO Gary E. Dickerson said in a statement. CFO Robert J. Halliday said in a statement that the company continues to invest heavily in product development and that it projects fourth-quarter revenue of $138 million to $148 million and earnings per diluted share of 29 cents to 37 cents. Published July 29, 2005 by the Boston Business Journal

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