Varian Associates Inc.: The diversified high-technology company...
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From Times Staff and Wire Reports
Varian Associates Inc.: The diversified high-technology company reported second-quarter net earnings of $7.8 million, compared to $12 million in the year-ago quarter. Sales were $331 million, down 8% from last year’s quarter. The Palo Alto-based firm said its earnings decline primarily reflects lower results from the company’s semiconductor equipment operations, where weakening demand and lower margins on the key new products combined to penalize profits.
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