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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA -- Ignore unavailable to you. Want to Upgrade?

To: Sherman Chen who wrote (1071)	10/26/2000 6:55:50 PM
From: dantecristo	Respond to of 1929

Sherm- Any PLAD sales? Or is it P2LAD? Or what a LAD? Or boy I'm glad I sold at $69.50?

To: Sherman Chen who wrote (1071)	10/26/2000 8:33:56 PM
From: Proud_Infidel	Respond to of 1929

VSEA Q4 2000 CC: See "continued period of strong demand" for products led by technology buys and capacity purchases. Grew market share in Q in all segments Market shifted toward North America in the Q with revs as follows: N/A- 34% Asia- 47% Europe- 19% For the year, market share stands as follows: N/A- 27% Asia- 54% Europe- 19% Logic accounted for 61% of sales Remain optimistic about DRAM; see another leg of opportunity this cycle Cash= $122M, an increase of $43M from the prior Q DSO of 73 days, an improvement of 2 days from the prior Q Inventory turns of 4.3X, an improvement from 4.0X Guidance, as given in the press release: He explained that for fiscal 2001: -- Annual revenue is expected to grow by approximately one-third. -- Gross profit as a percent of sales is expected to improve by 2-3 percent. -- Selling, general and administrative expense will continue to be managed carefully and is expected to hold at approximately 12-13 percent of sales. -- Research and development investment will continue to increase, as the company anticipates customer demand for more advanced technological requirements, especially for 300 mm product. -- The company's balance sheet remains strong, with a significant increase in cash and strong cash flow. Those trends are not expected to change. -- Capital expenditures are projected to increase to approximately $25-30 million. -- Recurring net income is expected to grow by 50 to 60 percent over fiscal 2000.

To: Sherman Chen who wrote (1071)	10/26/2000 9:19:50 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 1929

I wonder if they will readjust their target of 1 week ago, seeing that we may well open there. LOL. I would love to see the reasoning behind this. Varian Semi Equi Cut to `Buy' at UBS Warburg By Lindsay Friedman Princeton, New Jersey, Oct. 18 (Bloomberg Data) -- Varian Semiconductor Equip (VSEA US) was downgraded to ``buy'' from ``strong buy'' by analyst Byron Walker at UBS Warburg. The 12-month price target has been lowered to $29.00 from $85.00 per share.