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

To: Proud_Infidel who wrote (1606)	8/21/2003 8:20:05 AM
From: dantecristo	Respond to of 1929

Find out what lengths Dick Aurelio will go to to keep his insider trading from being publicized. Read "Be Careful Who You SLAPP" - the San Francisco airport business best seller!

To: Proud_Infidel who wrote (1606)	9/22/2003 5:32:12 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 1929

Varian Semi chief plans sale of up to 550,000 shrs Monday September 22, 4:26 pm ET SAN FRANCISCO, Sept 22 (Reuters) - The chairman and chief executive of Varian Semiconductor Equipment Inc. (NasdaqNM:VSEA - News) plans to sell as much as 550,000 shares of the microchip-making equipment company's stock in order to "diversify his investment portfolio," the company said in a regulatory filing on Monday. At current prices, a sale of 550,000 shares -- representing more than half of Richard Aurelio's current holdings of stock and options -- would generate $22 million. The shares, which are up 70 percent this year, fell $1.72, or 4 percent, to $40.19 on Nasdaq. Varian Semiconductor's stock would have to reach more than $60 a share for all 550,000 shares to be sold under Aurelio's plan, Varian Semiconductor Chief Financial Officer Robert Halliday said in an interview. Aurelio, in an interview, said the sale does not in any way indicate a plan to retire or leave the Gloucester, Massachusetts-based company. He also said that he has sold relatively little stock in his time at the company, and that the current plan comes amid expectations for an upturn in the semiconductor industry. "It's hard to be criticized when you're selling stock in a rising market," he said. "You become a pretty easy target if you're selling stock and the market declines, regardless of whether it has anything to do with your decision to sell stock." Aurelio currently holds 25,605 shares of common stock and has options to purchase nearly 1 million shares of stock at a discount to the stock's current level, the company said. The options become available to Aurelio on various dates through November 2005. His plan was established as part of a prearranged insider selling plan under a rule intended to prevent executives from selling stock while aware of nonpublic information that could suggest a conflict of interest.