SOURCE: Varian Semiconductor

June 12, 2007 11:15 ET

Varian Semiconductor Once Again Wins First Place in VLSI Research 10 BEST Large Suppliers of Wafer Processing Equipment Award

GLOUCESTER, MA--(Marketwire - June 12, 2007) - Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA) today announced that it has once again achieved the #1 ranking in the prestigious VLSI Research 10 BEST Award. For the tenth time in eleven years, Varian Semiconductor has been recognized as the best company in customer satisfaction in the Large Suppliers of Wafer Processing Equipment segment, based on customer survey results.

Varian Semiconductor received the best ratings among its wafer processing peers in the following categories that are critical to customers: uptime, build quality, usable throughput, quality of results, product performance, process support, field engineering support, spares support, support after sales, and commitment. The survey results came from more than 570 individuals at 48 different companies worldwide.

"Winning this award 10 times over the last 11 years is testament to the 'customer first' culture that is pervasive across the entire workforce at Varian Semiconductor," said Gary Dickerson, Chief Executive Officer of Varian Semiconductor. "I want to thank all our employees for their contribution in helping us win this award, and I know they will continue to lead us to even higher levels of performance in the future. This award reflects our customers' strong vote of confidence in our products and services, which are geared to improving their productivity, lowering their cost of ownership and improving their time to market."

"It is no surprise that Varian Semiconductor has once again earned the #1 position in our 10 BEST Large Suppliers of Wafer Processing Equipment segment this year due to its consistent and unwavering focus on customer satisfaction," G. Dan Hutcheson, Chief Executive Officer at VLSI Research. "Varian's long track record of excellence in customer satisfaction is no accident. It is clearly the result of steadfast dedication throughout the organization, and a firm commitment to providing industry-leading, top quality products and customer support."

About VLSI Research Inc

VLSI Research Inc is the leading provider of market research and economic analysis on the technical, business, and economic aspects of the high technology chip making industry. The Company is known for its unparalleled accuracy, innovation in market research, and its sharply focused insight into the rapidly changing landscape of the chip making business. VLSI Research's databases on chip making are used throughout the industry, the investment community, and by governments for decisive strategic planning. VLSI Research was founded in 1976 and incorporated in California in 1981. The Company's website is https://www.vlsiresearch.com/.

About Varian Semiconductor

Varian Semiconductor Equipment Associates is the leading supplier of ion implant equipment to semiconductor manufacturers, enabling them to pack more, higher performing transistors into computer chips that are revolutionizing the electronics industry. Varian Semiconductor's products are used by chip manufacturers worldwide to produce high-performance semiconductor devices. Customers have made Varian Semiconductor the market leader in ion implant because of its architecturally superior products that lower their costs and improve their productivity. The Company has ranked #1 in the VLSI Research Customer Satisfaction Survey 10 times over the last 11 years. Varian Semiconductor operates globally and is headquartered in Gloucester, Massachusetts. More information can be found on Varian Semiconductor's web site at www.vsea.com.

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 and growth 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; the risks associated with 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.

Contact Information

  • Contacts:
    Bob Halliday
    Executive Vice President
    Chief Financial Officer
    978.282.7597
    or
    Mary Wright
    Director, Investor Relations
    978.282.5859
    or
    Tom Baker
    VP, Finance
    978-282-2301