SOURCE: Varian Semiconductor Equipment Associates

July 10, 2006 09:00 ET

Varian Semiconductor Ranked #1 in VLSI Research Customer Satisfaction Survey

GLOUCESTER, MA -- (MARKET WIRE) -- July 10, 2006 --Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA) has again achieved the number one ranking in the prestigious VLSI Research 10 BEST Award. For the ninth time in ten years, Varian Semiconductor has been recognized as the best company in customer satisfaction in the Large Suppliers of Wafer Processing Equipment segment. The company also was voted #1 in customer satisfaction among the Large Suppliers of Chip Making Equipment overall this year.

These awards are based upon customer survey results. Varian Semiconductor received the best ratings among its wafer processing peers in each of the following categories that are critical to customers: cost of ownership, build quality, quality of results, product performance, field engineering support, support after sales, and commitment. The company also tied as the best in uptime, software, and process support.

Gary Dickerson, Chief Executive Officer of Varian Semiconductor said, "We are having tremendous success in the market place this year. Our product and service revenue has grown 24% in the first two quarters of fiscal 2006 over the same period in 2005 and we have achieved the unquestionable #1 market share position in implant. These two VLSI awards validate that we are delivering the highest quality of products and services at lowest overall costs to our customers. We thank our customers for rewarding our efforts. We are committed to delivering the best products and services to our customers and will continue to pursue the highest level of customer satisfaction in the industry."

G. Dan Hutcheson, Chief Executive Officer of VLSI Research Inc stated, "We at VLSI Research have always believed that there is a strong correlation between market share and customer satisfaction. This has been proven with Varian Semiconductor achieving the #1 position in market share for Ion Implant -- surpassing even the combined total of Axcelis and SEN -- and being recognized as the #1 supplier in Customer Satisfaction in the Large Wafer Processing and Chip Making Equipment categories. We are glad to see that the semiconductor market recognizes a supplier like Varian Semiconductor for their strong commitment and dedication to their customers."

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 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.

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/.

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.

Contact Information

  • Contacts:
    Bob Halliday
    Executive Vice President
    Chief Financial Officer
    978.282.7597
    or
    Mary Wright
    Director, Investor Relations
    978.282.5859