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

To: robert b furman who wrote (1548)	7/24/2002 10:40:27 AM
From: dantecristo	Respond to of 1929

Bob -What do you think about Susan B. Felch's "interest free loan" with unlimited benefit from Varian? WIDMANN: Has your company -- let me focus your attention, sir, on Ms. Felch's personal claims and Mr. Zdasiuk's personal claims. Has your company provided any financial assistance to them to help them prosecute those claims, to your knowledge? AURELIO: We're paying for these proceedings. I'm sorry, I just don't know the basis of the question. WIDMANN: Let me see if I can clarify, sir. You're paying their salaries while they work on their portion of this lawsuit, are you not, sir? AURELIO: Paying their salaries -- you mean while they're obligated to be here? WIDMANN: Yes, sir. AURELIO: Yes, we're paying their salaries while they're obligated to be here. WIDMANN: You understand, sir, that they have claims that are theirs personally, and if they prevail, they will be paid damage amounts for those claims, sir? AURELIO: Yes, I am aware of that, and I believe it's appropriate. WIDMANN: Your company is paying for their portion of the attorneys' fees, is it not, sir? AURELIO: I suppose that's correct. All of these fees are -- they're not bifurcated in any way.

To: robert b furman who wrote (1548)	8/21/2002 11:25:10 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 1929

Varian Semiconductor Awarded Control System Patent Enables Simplified Factory Automation and Productivity Improvement GLOUCESTER, Mass.--(BUSINESS WIRE)--Aug. 21, 2002--Varian Semiconductor Equipment Associates, Inc. (Nasdaq: VSEA - News), the leading supplier of ion implantation systems, today announced that it has been issued U.S. Patent Number 6,374,144 for a "Method and Apparatus for Controlling a System Using Hierarchical State Machines." The patent covers Varian Semiconductor's control system, known as VCS, for VIISta ion implantation systems. The Varian Control System (VCS) executes, monitors, controls and records the state of many independent operations utilizing the VIISta single wafer ion implantation platform in order to ensure high quality implanter performance in semiconductor manufacturing facilities. VCS also enables e-diagnostic capabilities where the ion implanters in the field can communicate data back to Varian Semiconductor's manufacturing facility and also enables remote control and testing of field systems by VSEA experts. Alan Sheng, Ph.D., Varian Semiconductor's vice president of engineering, commented, "The Varian Control System is another example of our ongoing research and development efforts to improve our customers costs of ownership advantages. The e-diagnostics capability of VCS improves maintenance efficiency, equipment effectiveness, process results and fab productivity." About Varian Semiconductor Varian Semiconductor Equipment Associates is the leading producer of ion implantation equipment used in the manufacture of semiconductors. The company is headquartered in Gloucester, Massachusetts, and operates worldwide. Varian Semiconductor maintains a web site at www.vsea.com. The information contained in the company's web site is not incorporated by reference into this release, and the web site address is included in this release as an inactive textual reference only. Note: This release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the company's expectations regarding the invention discussed in this release, market share and technology leadership, technological capabilities and benefits are forward-looking statements and any statements using the terms "believes," "anticipates," "expects," "plans," or similar expressions are forward-looking statements. There are a number of important risks and factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, volatility in the semiconductor equipment industry; economic conditions in general and as they affect the company's customers; significant fluctuations in the company's quarterly operating results; the impact of rapid technological change; the company's dependence on the development and introduction of new products; the company's concentration on ion implantation systems and related products; concentration in the company's customer base and lengthy sales cycles; the highly competitive market in which the company competes; risks of international sales; foreign currency risks; and general economic conditions; and other factors identified in the company's Annual Report on Form 10-K, and the most recent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The company cannot guarantee any future results, levels of activity, performance or achievement. The company undertakes no obligation to update any of the forward-looking statements after the date of this press release.

To: robert b furman who wrote (1548)	9/27/2002 8:13:08 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 1929

Varian Semiconductor Equipment Associates Announces Restructuring As Part Of Ongoing Efforts To Drive Operating Leverage Friday September 27, 7:15 am ET GLOUCESTER, Mass.--(BUSINESS WIRE)--Sept. 27, 2002--Varian Semiconductor Equipment Associates, Inc. (Nasdaq: VSEA - News), announced today that it has taken further actions to restructure its business and reduce costs in anticipation of continued soft demand for semiconductor devices and semiconductor capital equipment. Included in the Company's actions is a reduction of its worldwide workforce by 15 percent, to approximately 1,370. Ernest L. Godshalk, president and chief operating officer, said, "Varian Semiconductor's business fundamentals and market position remain sound. Our strong balance sheet enables us to continue to increase investment in R & D to develop new leading-edge products. However, we believe that the pace of recovery is slowing and that semiconductor unit volumes, which drive demand for our products, are uncertain. Accordingly, we are adjusting our business infrastructure to meet the changing dynamics of the equipment industry focusing on continued cycle time reduction to be more responsive to rapidly changing customer demand. When effective, these actions are expected to reduce our breakeven point to approximately $82 million." Robert J. Halliday, chief financial officer, said, "Despite volatility in the marketplace, revenue for our September quarter is still expected to range between $85 and $105 million and we should be approximately breakeven in the quarter. As a result of these actions, included in the results will be a restructuring charge of approximately $3.4 million." The Company will release its results for the fourth quarter and fiscal year 2002 after the close of the market on October 24, 2002 and hold a conference call to discuss results at approximately 5 p.m. eastern time on that day. About Varian Semiconductor Varian Semiconductor Equipment Associates, Inc. is the leading producer of ion implantation equipment used in the manufacture of semiconductors. The Company is headquartered in Gloucester, Massachusetts, and operates worldwide. Varian Semiconductor maintains a website at www.vsea.com. The information contained in the Company's website is not incorporated by reference into this release, and the website address is included in this release as an inactive textual reference only. Note: This release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the industry outlook, the Company's guidance on fourth quarter 2002 revenue and gross margins, market share, capacity utilization and technological improvements and benefits, and any statements using the terms "believes," "anticipates," "will," "expects," "plans" or similar expressions, are forward-looking statements. The forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: volatility in the semiconductor equipment industry; intense competition in the semiconductor equipment industry; the Company's dependence on a small number of customers; fluctuations in the Company's quarterly operating results; the Company's transition to new products; uncertain protection of the Company's patent and other proprietary rights; concentration in the Company's customer base and lengthy sales cycles; the Company's reliance on a limited group of suppliers; potential environmental liabilities; the Company's dependence on certain key personnel; the Company's limited operating history; and the risk of substantial indemnification obligations under the agreements governing the spin-off of the Company from Varian Associates, Inc. on April 2, 1999. These and other important risk factors that may affect our actual results are discussed in detail under the caption "Risk Factors" in the Company's Annual Report on Form 10-K and in other reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release.

To: robert b furman who wrote (1548)	10/1/2002 8:27:19 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 1929

Varian Semiconductor Launches Supplier Portal Website Portal Promotes Real Time Information Exchange Reducing Lead Times Tuesday October 1, 8:25 am ET GLOUCESTER, Mass.--(BUSINESS WIRE)--Oct. 1, 2002--Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA - News), the leading supplier of ion implantation systems, today announced the launch of its supplier portal website. The supplier portal website will enable the Company to reduce customer lead times and better monitor its parts deliveries. Designed to speed communications between Varian Semiconductor and its suppliers, the portal enables suppliers to log in and view real time forecasts, purchase orders, scheduling information, and supplier quality reports. The portal also enables suppliers to enter delivery data that is uploaded directly into Varian Semiconductor's corporate ERP system. Richard A. Aurelio, chairman and chief executive officer of Varian Semiconductor, noted that the supplier portal is just one of the many ways in which the Company is using information technology to streamline its business processes and reduce costs. "In addition to promoting a more rapid information exchange, the supplier portal is efficient - it reduces the workload of both Varian Semiconductor's employees and its suppliers. This is vital to reducing costs for both our company and our suppliers, lowering lead times, and improving productivity." Because it is built on the same platform used for vShop, Varian Semiconductor's e-commerce site, the creation of the supplier portal is cost-effective. "We continue to find ways to maximize our return on investment for information technology purchases," said Cameron Kelly, director of information technology of Varian Semiconductor. "In addition, the supplier portal is just one of the many ways we have been successful in improving per person productivity - a key metric in today's high technology organizations." Several of Varian Semiconductor's suppliers also expressed delight with the new supplier portal website. During a recent training session, a number of the suppliers attending agreed that the site would save them time by reducing manual processes. In addition, a few other suppliers commented that the real-time nature of the site will enable them to respond more quickly to Varian Semiconductor's needs by informing them of changes when they occur. "This is the best supplier site we've seen," commented Costa Sideridis, president of Ferro-Ceramic Grinding. "It's intuitive and offers more information than we've seen in other supplier portal sites. In addition, the VSEA supplier portal allows us to enter our latest information, which is a feature other sites don't have. This streamlines our processes and lets us keep Varian Semiconductor better informed." About Varian Semiconductor Varian Semiconductor Equipment Associates is the leading producer of ion implantation equipment used in the manufacture of semiconductors. The company is headquartered in Gloucester, Massachusetts, and operates worldwide. Varian Semiconductor maintains a web site at www.vsea.com. The information contained in the Company's website is not incorporated by reference into this release, and the website address is included in this release as an inactive textual reference only. Note: This release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the anticipated benefits of the new product discussed in this release are forward-looking statements and any statements using the terms "believes," "anticipates," "expects," "plans," or similar expressions are forward-looking statements. There are a number of important risks and factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, the possible failure of the new product to provide the anticipated customer benefits or to achieve significant market acceptance, volatility in the semiconductor equipment industry; economic conditions in general and as they affect the Company's customers; significant fluctuations in the Company's quarterly operating results; the impact of rapid technological change; the Company's dependence on the development and introduction of new products; the Company's concentration on ion implantation systems and related products; concentration in the Company's customer base and lengthy sales cycles; the highly competitive market in which the Company competes; risks of international sales; foreign currency risks; and general economic conditions; and other factors identified in the Company's Annual Report on Form 10-K, and the most recent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release.