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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: etchmeister who wrote (1816)4/23/2007 6:33:01 PM
From: Proud_Infidel  Read Replies (1) of 1929
 
Varian Semiconductor says board raises buyback plan to $500 mln
Mon Apr 23, 2007 4:39pm ET

April 23 (Reuters) - Varian Semiconductor Equipment Associates Inc. (VSEA.O: Quote, Profile , Research) said its board increased the amount of funds for its share repurchase program to $500 million from $400 million.

Of the $500 million, about $210 million remains available for repurchases, the company said in a statement.

The semiconductor equipment maker said its stock buyback program will be funded using working capital. (Reporting by Tenzin Pema in Bangalore)
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