NEW YORK (Thomson Financial) - Varian Semiconductor Equipment Associates
Inc. Thursday said its board has increased the funding for its existing stock
buyback program to $800 million from a prior authorization of $700 million.
Gloucester, Mass.-based Varian, a maker of ion implant equipment for chip
manufacturing, said cash expenditures to date under the program have been
roughly $653 million.
The stock closed Wednesday at $31.60.
Michael Baron
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