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

To: Proud_Infidel who wrote (1700)	2/23/2005 1:44:05 PM
From: Proud_Infidel	Respond to of 1929

Varian Semiconductor Wins Supplier Award From Samsung Electronics Wednesday February 23, 1:30 pm ET GLOUCESTER, MA--(MARKET WIRE)--Feb 23, 2005 -- Varian Semiconductor Equipment Associates, Inc. (NasdaqNM:VSEA - News) announced today that it has received the Excellence of Technical Cooperation Award from Samsung Electronics Co., Ltd., the world's largest memory chipmaker. Samsung Electronics recognized valued suppliers as it celebrated the thirtieth anniversary of its semiconductor business. Varian Semiconductor received the award for the outstanding technical support the Company provided in support of the quick start-up of Samsung Electronics' production facility in Hwaseong, Korea. Dr. Chang-Gyu Hwang, president and chief executive officer of Samsung's semiconductor business, presented the award to Dr. Yong-Kil Kim, executive vice president and general manager of Asian operations, who accepted the award on behalf of the Company. "Varian Semiconductor is honored to receive this award," said Yong-Kil Kim. "For over 20 years, we have worked closely with Samsung Electronics to supply them with superior customer satisfaction and ion implanters that deliver high productivity and advanced process capabilities. We want to thank Samsung Electronics for acknowledging our strong on-site technical support team and all of our employees who work towards maintaining our status as the customer satisfaction leader." About Varian Semiconductor Varian Semiconductor Equipment Associates, Inc. is a 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 performance, 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. -------------------------------------------------------------------------------- Source: Varian Semiconductor Equipment Associates, Inc.