Varian Reorganized Into Three Independent, Public Companies; Japanese Subsidiary Also Splits

Varian Assoc. Inc. (Palo Alto, CA; 650-213-8000) completed its reorganization into three independent, public companies. The three companies are Varian Inc., Varian Semiconductor Equipment Assoc. Inc., and Varian Medical Systems Inc. On April 2, 1999, shares in its instrumentation and semiconductor equipment spin-offs were distributed to shareholders.

Varian Inc.
Varian Semiconductor Equipment Assoc. Inc.
Varian Medical Systems
New Boards Of Directors
Splitting The Japanese Subsidiary

Varian Inc. (Back to Top)
Varian Inc. (Palo Alto, CA) is a supplier of scientific instruments, vacuum technology, and contract electronic components. The company includes divisions that specialize in analytical instruments, NMR systems, vacuum technologies, and electronics manufacturing. Allen Lauer is president and CEO.

The company serves customers in the life science, healthcare, chemical, petrochemical, environmental, industrial, communications, and semiconductor industries. Varian Inc. is traded on the NASDAQ using the symbol VARI.

For more information about Varian Inc., call 650-213-8000.

Varian Semiconductor Equipment Assoc. Inc. (Back to Top)
Varian Semiconductor Equipment Assoc. Inc. (Gloucester, MA) is a supplier of ion-implantation systems. Varian Semiconductor Equipment Assoc. Inc. has over 2,700 systems installed worldwide. The company estimates that more than 85% of the systems it has shipped since the early 1970s are still in use.

Varian Semiconductor Equipment Assoc. Inc. was the first U.S. semiconductor equipment supplier to have both its customer support and manufacturing organization certified to ISO 9000. It is traded on the NASDAQ using the symbol VSEA. Richard Aurelio is the CEO.

For more information about Varian Semiconductor Equipment Assoc. Inc., call 800-447-1762.

Varian Medical Systems (Back to Top)
Varian Medical Systems (Palo Alto, CA) was formerly Varian Associates' Health Care Systems. As a supplier of equipment for cancer treatments, Varian Medical Systems manufactures Large Area Sensing Technology imaging products and X-ray tubes.

Varian Medical Systems includes three divisions: Biosynergy Inc., Imaging Products, and the Ginzton Technology Center—the successor of the 40-year-old Varian Associates' Ginzton Research Center. Richard Levy is president and CEO of Varian Medical Systems. The company is traded on the New York Stock Exchange using the symbol VAR.

For more information about Varian Medical Systems Inc., call 650-424-6864.

New Boards Of Directors (Back to Top)
Varian Associates is reconfiguring its board of directors to accommodate the spin offs. Richard W. Vieser, retired chairman and chief executive of Lear Siegler, Inc., will serve as chairman of Varian Medical Systems. He will be joined on the board by directors John Seely Brown, vice president and director of the Xerox Palo Alto Research Center and chief scientist of Xerox Corp.; Samuel Hellman of the Department of Radiation and Cellular Oncology, University of Chicago; Terry R. Lautenbach, retired senior vice president, IBM Corp.; David W. Martin, president and chief executive, EOS Biotechnology, Inc.; and Burton Richter, director of the Stanford Linear Accelerator Center. Varian Medical Systems president and chief executive Richard M. Levy will also serve as a board member.

Varian Associates Chairman and Chief Executive J. Tracy O'Rourke will serve as chairman of the Semiconductor Equipment Associates board. He will be joined by that company's president and chief executive, Richard A. Aurelio, along with directors Ruth M. Davis, president and chief executive, Pymatuning Group, Inc.; Robert W. Dutton, director of research, Center for Integrated Systems, Stanford University; and Angus A. MacNaughton, president, Genstar Investment Corp.

Varian, Inc. will also have a five-member board. D. E. Mundell, chairman, ORIX USA Corp., will serve as chairman. He will be joined by Allen J. Lauer, the company's president and chief executive; John G. McDonald, of the Stanford University Graduate School of Business faculty; Wayne R. Moon, chairman and chief executive, Blue Shield of California; and Elizabeth E. Tallett, president and chief executive, Dioscor, Inc. and Ellard Pharmaceuticals, Inc.

Splitting The Japanese Subsidiary (Back to Top)
Varian Associates also split its Japanese subsidiary (Kawasaki, Japan) into three separate entities on April 2, paralleling the break-up of the U.S. parent company. Varian Japan KK has been renamed and will continue to handle semiconductor manufacturing equipment business. Two new companies have taken over the analytical and measuring instrument business and the medical equipment business. Varian's core business in Japan has been marketing ion-implantation systems imported from the U.S.

Varian Associates, Inc. is a high-technology company with core businesses in semiconductor manufacturing equipment, analytical instruments, and health care systems that provide products and services to worldwide markets. It operates manufacturing facilities in North America, Europe, Asia, and Australia.

For more information, call Varian Associates at 650-213-8000.