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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: etchmeister who wrote (1785)8/1/2006 1:48:30 PM
From: Proud_Infidel   of 1929
 
Varian Semiconductor to buy back $100 mln more shares
Tue Aug 1, 2006 1:24pm ET

Aug 1 (Reuters) - Varian Semiconductor Equipment Associates Inc. (VSEA.O: Quote, Profile, Research) on Tuesday said it has doubled its existing stock repurchase program to $200 million.

The chip equipment maker has so far bought back about $87 million of its shares and the remaining will be repurchased in the open market using its working capital, the company said in a statement. (Reporting by Gopakumar Warrier in Bangalore)
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