BNET Industries

Market Cap:$2.4B
Last Fiscal Year Sales:$834.0M
  • Public
  • US
Dow Jones Description

We are the leading supplier of ion implantation equipment used in the fabrication of semiconductor chips. We design, manufacture, market and service semiconductor processing equipment for virtually all of the major semiconductor manufacturers in the world. The VIISta ion implanter products are designed to leverage single wafer processing technology for the full range of semiconductor implant applications. We have shipped more than 4,000 systems worldwide. We provide support, training, and after-market products and services that help our customers obtain high utilization and productivity, reduce operating costs and extend capital productivity of investments through multiple product generations. In fiscal year 2008, we were ranked number one in customer satisfaction in VLSI Research Inc.s customer survey for all large suppliers of wafer processing equipment, an honor received in eleven of the past twelve years. Our industry is cyclical. The business depends upon semiconductor manufacturers expectations and resulting capacity investments for future integrated circuit demand. Historically, our business has experienced significant volatility and we believe the semiconductor capital equipment business will continue to be volatile, largely due to fluctuations in the level of investment by memory manufacturers. During the first quarter of fiscal year 2009, we experienced a significant drop in business compared to the fourth quarter of fiscal year 2008. ...

Chief Executive Officer
Gary E. Dickerson
Number of Employees 1,545
Contact Information

35 Dory Rd

Gloucester, Massachusetts 01930-2236

vsea.com

(978) 282-2000

NAICS Code Semiconductor and Related Device Manufacturing: 334413

Recent Events

  • Varian 4Q profit rises four-fold on cost cuts

    10/30/09 - Financial Announcement - View Story

  • Varian Semiconductor Equipment Associates Announces Live Public Webcast of Upcoming Conference Call

    9/30/09 - Financial Announcement - View Story

  • Varian Semiconductor Equipment Associates Reports Fiscal 2009 Third Quarter Results

    7/30/09 - Financial Announcement - View Story

News & Analysis

earnings and varian semiconductor equipment associates inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Gary E. Dickerson Chief Executive Officer
Robert J. Halliday Executive V.P. and Cfo
Thomas C. Baker Vice President Finance, Cao
Walter F. Sullivan Chief Information Officer
Robert J. Perlmutter Executive. Vice President
Stanley K. Yarbro Executive Vice President
Gary Loser V.P., Secretary, General. Counsel
Gary Rosen Vice President, Engineering
Seth H. Bagshaw Controller & Vice President
Yong-Kil Kim Executive Vice President & General Manager, Asia Operations
Eric Chen Managing Director, Silver Lake Partners
Rick Johnson Director of Facilities
Susan Torbitt Manager, Public Relations and Communications, Varian Semiconductor Equipment Associates, Inc.
Dennis G Schmal Consultant
Kil Kim

Board of Directors

Name (plus bio) Position
Ben Ming Board of Directors
Ben Tsai Board of Directors
Bin-Ming Tsai Board of Directors
Elizebeth E Tallett Board of Directors
Robert Dutton Board of Directors
Xun Chen Board of Directors

Mr. Dickerson has served as Varian Semiconductor s Chief Executive Officer and a Director of Varian Semiconductor since October 2004. Prior to joining Varian Semiconductor, Mr. Dickerson was President and Chief Operating Officer of KLA-Tencor from July 2002 to April 2004. From July 1999 to June 2002, he served as Chief Operating Officer of KLA-Tencor. Previously at KLA-Tencor, Mr. Dickerson was the Executive Vice President of the Customer Group from July 1997 to June 1999, Group Vice President for the Wafer Inspection Group from January 1996 to June 1997, and General Manager of the Wisard Division from July 1994 to December 1995.

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Chief Executive Officer Current
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current
Varian Semiconductor Equipment Associates, Inc. President Former
KLA-Tencor Corporation President Former
KLA-Tencor Corporation Chief Operating Officer Former
The Customer Group, LLC Executive Vice President Former
KLA-Tencor Corporation Executive Vice President of the Customer Group Former
KLA-Tencor Corporation General Manager , Wisard Division Former

Mr. Halliday has served as Varian Semiconductor s Executive Vice President and Chief Financial Officer since October 2006. From October 2004 to October 2006 he served as Executive Vice President, Treasurer and Chief Financial Officer. From November 2002 to October 2004, Mr. Halliday served as Varian Semiconductor s Vice President, Treasurer and Chief Financial Officer. From March 2001 to November 2002, Mr. Halliday served as Varian Semiconductor s Vice President and Chief Financial Officer. Prior to joining Varian Semiconductor, Mr. Halliday was Vice President and Chief Financial Officer of Unica Corporation, a software company. Previously, Mr. Halliday was at Ionics, Inc., a manufacturer of water treatment capital equipment. At Ionics, Inc., he was Chief Operating Officer in 2000; Vice President of the Consumer Water Group from 1996 to 2000; and Chief Financial Officer from 1990 to 2000. Mr. Halliday has been a director of Zoll Medical Corporation since July 2003.

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Executive V.P. and Cfo Current
Zoll Medical Corporation Director Current
Unica Corporation Chief Financial Officer Former
Unica Corporation Vice President Former

Mr. Baker has served as Varian Semiconductor s Vice President of Finance since October of 2006. From June 2003 to October 2006, Mr. Baker was Varian Semiconductor s Corporate Controller and served as Operations Controller and Assistant Controller from February 2001 to June 2003. Mr. Baker was Chief Financial Officer of Chelton Microwave, a manufacturer of microwave components, from 1996 to 2001. Prior to that, he was Corporate Controller of Robertson-Ceco Corporation, a leading manufacturer of metal buildings.

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Vice President Finance, Cao Current
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current
Chelton Microwave Corp Chief Financial Officer Former
Varian Semiconductor Equipment Associates, Inc. Corporate Controller Former
Robertson-Ceco Corporation Corporate Controller Former

Mr. Sullivan has served as Varian Semiconductor s Vice President, Customer Operations since November 2002. Mr. Sullivan was Varian Semiconductor s Vice President, Customer Operations and Chief Information Officer from November 1999 through November 2002. From 1995 to November 1999, he was Vice President, Customer Support of the Semiconductor Equipment Business at VAI.

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Chief Information Officer Current
Varian Semiconductor Equipment Associates, Inc. V.P., Customer Operations Current

Dr. Perlmutter has served as Varian Semiconductor s Executive Vice President of Implant Business Units since October 2006. Prior to joining Varian Semiconductor, Dr. Perlmutter was a Group Vice President of KLA-Tencor from July 2006 to October 2006. From October 2001 to June 2006, he served as Vice President and General Manager of KLA-Tencor s WIN Division - responsible for the brightfield and darkfield patterned wafer inspection product lines. Previously at KLA-Tencor, Dr. Perlmutter was Vice President and General Manager of the Surfscan Division from October 1999 to October 2001. From September 1995 to September 1999, Dr. Perlmutter served as a Sr. Director and then, Vice President of Engineering for KLA-Tencor s Reticle and Photomask Inspection Division.

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Executive. Vice President Current
KLA-Tencor Corporation Group Vice President Former
KLA-Tencor Corporation General Manager, Win Division Former
KLA-Tencor Corporation Board of Directors Former

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Executive Vice President Current
KLA-Tencor Corporation Group Vice President of Field Operations Former
PerkinElmer, Inc. Board of Directors Former

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. V.P., Secretary, General. Counsel Current
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current
GE Plastics Senior Intellectual Property Counsel Former

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Vice President, Engineering Current

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Controller & Vice President Current

Organization Position Status
Varian Korea Ltd. Varian Semiconductor S Vice President Current
Varian Korea Ltd. General Manager Current
Varian Semiconductor Equipment Associates, Inc. Executive Vice President & General Manager, Asia Operations Current
Varian Korea Ltd. Executive Vice President Former

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Managing Director, Silver Lake Partners Current
Silver Lake Current
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current
Brion Technologies, Inc Board of Directors Current
Stanford University Ph.D. In Electrical Engineering Former

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Director of Facilities Current

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Manager, Public Relations and Communications, Varian Semiconductor Equipment Associates, Inc. Current

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Consultant Current
Kirby Arnold and Associates Corporate Leader for Kirby Arnold & Associates Workshops Current
Merriman Curhan Ford & Co. Chairman Current
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current
Pacific Metrics Corporation Director Current
Merriman Curhan Ford & Co. Director Former
California State University BS In Business Administration, Finance Former

Dr. Kim has served as Varian Semiconductor s Executive Vice President since October 2004. He has served as Varian Semiconductor s Vice President and General Manger of its Asia Pacific Operations since May 2000 and President of Varian Korea, Limited since April 1999. From April 1997 to March 1999, he Name and Title

Organization Position Status
Varian Korea Ltd. Varian Semiconductor S Vice President Current
Varian Semiconductor Equipment Associates, Inc. Current

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current

Organization Position Status
Tiburon Design Automation, Inc. Technical Advisor Current
Stanford University Professor of Electrical Engineering Current
Nanohub Current
Tiburon Design Automation, Inc. Director Current
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current
Robust Chip Inc. Director Current
Cad Corporation Incorporated Former
University of California, Berkeley M.S. Former
University of California, Berkeley B.S. Former

Dr. Chen has served as a director of Varian Semiconductor since March 2004. Since July 2002, Dr. Chen has served as a Chief Executive Officer of Brion Technologies, Inc., a privately held technology company based in California. From October 1999 until July 2002, Dr. Chen was a Vice President in the Equity Research Department of J.P. Morgan Chase.

Organization Position Status
Varian Semiconductor Equipment Associates, Inc. Board of Directors Current
Brion Technologies, Inc Chief Executive Officer Former
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     VSEA $33.03 +0.17 (0.52% )
Average Volume 708,897
Shares Outstanding 73.58M
Market Cap 2.4B
Year High 33.74
Year Low 15.68
Earnings Per Share -0.53
P/E Ratio -62.32
Dividend N/A
Yield N/A
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