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


To: Proud_Infidel who wrote (1337)3/5/2001 8:12:39 PM
From: dantecristo  Respond to of 1929
 
And now let's hear what "Tricky Dick" Aurelio really said when he thought he could keep it out of the public scrutiny:

geocities.com



To: Proud_Infidel who wrote (1337)3/5/2001 9:15:14 PM
From: ima_posta2  Respond to of 1929
 
Brian - VSEA said CANCELLED ORDERS!!!
Tell me you didn't see it coming, tell me you were surprised, tell me you're not sick to your stomach, tell me I'm missing something!
Come on Brian, tell me this baby is not dropping like a rock!



To: Proud_Infidel who wrote (1337)3/6/2001 12:56:20 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 1929
 
RESEARCH ALERT-JP Morgan cuts Varian Semiconductor EPS view
NEW YORK, March 6 (Reuters) - J.P. Morgan said on Tuesday it cut its fiscal second-quarter and full-year 2001 earnings estimates on Varian Semiconductor Equipment Inc. (NasdaqNM:VSEA - news) after the chipmaker issued an earnings warning Monday.

J.P. Morgan lowered its earnings estimates to 60 cents a share from 82 cents for the second quarter ending March 30 and to $2.29 from $2.81 for the fiscal year, analyst Eric Chen said in research notes.

The company warned on Monday that because of customers' reductions in capital spending, it will report second-quarter sales short of its earlier guidance.

``While shares of Varian may open slightly lower, we continue to believe that the shares will likely remain in a near-term trading range,'' Chen said. ``But long-term oriented investors could benefit by accumulating shares on weakness.''

Shares of Varian ended Monday at $31-1/2, well off their 52-week high of $73-1/8. The year low is $16-15/16.