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Technology Stocks : VSEA's $50,000,000 class action lawsuit -- Ignore unavailable to you. Want to Upgrade?


To: Red Heeler who wrote (8)1/25/2001 11:38:23 PM
From: Red Heeler  Read Replies (1) | Respond to of 67
 
Varian Semiconductor Easily Beats First-Quarter Estimates
By Aileen Gallagher
Editorial Assistant
1/25/01 6:47 PM ET

Earnings Scorecard
Actual Estimated* Year-Ago
$1.20 $0.96 $0.16




Varian Semiconductor (VSEA:Nasdaq - news) reported first-quarter earnings of $1.20 a share, beating the First Call/Thomson Financial consensus estimate by 24 cents and trouncing year-ago earnings of 16 cents.

The semiconductor designer and maker said revenue more than doubled to $228 million from $110 million in the same quarter last year. Net earnings for the quarter rose to $40.1 million from $5.3 million in the year-ago period.





The Gloucester, Mass., company warned earlier this month that it expected an annual revenue increase of about 10% year-over-year, a view that mirrored the not-so-rosy outlook coming from many other companies in the semiconductor sector. In the short term, Varian expects revenue for the second fiscal quarter to grow about 15% above the year-ago figure, which was $156.2 million.

Varian lost 44 cents in regular session activity on the Nasdaq, where it closed at $25.81. Things were looking up in Island after-hours trading, where the company traded at $27.



To: Red Heeler who wrote (8)1/30/2001 9:46:44 PM
From: ima_posta2  Read Replies (1) | Respond to of 67
 
VSEA is way, way down from it's high of over $73 !!

Way, way, way down.

Many investors ask themselves, why put my money, my hard earned cash in a company like VSEA, a company named a defendant in a $50,000,000.00 class-action lawsuit (verified) for invasive bathroom videotaping. My answer, check out ACLS - it has no such history!

NOTE: I am a very, very significant holder of ACLS stock. Regrettably, I am a VSEA stockholder too.



To: Red Heeler who wrote (8)2/5/2001 10:53:45 AM
From: Red Heeler  Read Replies (2) | Respond to of 67
 
Expect Semiconductor Equipment Boom In 2001, Says Analyst