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Varian Associates

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BUSINESS
October 28, 1986
Varian Associates, an electronics firm, reported a $14.9-million loss for its fiscal year ended Oct. 3. A year earlier, the Palo Alto-based company reported net income of $37.9 million. The loss was blamed on unusual charges due to various restructuring and cost reduction programs. However, sales dropped $45 million from last year's $933 million. Chairman Thomas D. Sege said sales of Varian's semiconductor equipment group were down 40% and the group suffered a large loss.
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BUSINESS
June 15, 1995 | Times Staff and Wire Reports
Varian Selling Electron Devices Unit: Varian Associates of Palo Alto said merchant banker Leonard Green & Partners agreed to buy Varian's Electron Devices operation for $200 million in cash and the assumption of certain liabilities. Varian Chairman J. Tracy O'Rourke said the sale will allow the company to concentrate on its faster-growing equipment operations.
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BUSINESS
August 25, 1986
The Palo Alto high-technology firm's board of directors adopted a package of shareholder rights that would take effect if an acquiring party accumulated 20% or more of Varian's common stock or announced an offer to acquire 30% or more of the stock. Under some circumstances, Varian shareholders would be entitled to buy either Varian stock or shares in an acquiring company at half of market value.
BUSINESS
March 17, 1995
Software Maintenance Specialists, which provides outsourcing, data processing and systems integration services, said Thursday that it has signed a three-year, $12-million contract to manage the mainframe data processing activities of Varian Associates Inc. Varian, based in Palo Alto, manufactures high-technology systems and components for medical, communications, scientific, industrial and defense markets. The work will be done at Software Maintenance's La Mirada data center.
BUSINESS
March 8, 1989 | From Associated Press
Varian Associates said it will not fight the Federal Trade Commission's decision to block the $65.8-million sale of its vacuum products division to the BOC Group of Britain. The company said it had been notified by the FTC that the agency would not approve the planned sale and had authorized its staff to seek a preliminary court injunction against the deal.
BUSINESS
March 17, 1995
Software Maintenance Specialists, which provides outsourcing, data processing and systems integration services, said Thursday that it has signed a three-year, $12-million contract to manage the mainframe data processing activities of Varian Associates Inc. Varian, based in Palo Alto, manufactures high-technology systems and components for medical, communications, scientific, industrial and defense markets. The work will be done at Software Maintenance's La Mirada data center.
BUSINESS
March 8, 1989 | From Associated Press
Varian Associates said it will not fight the Federal Trade Commission's decision to block the $65.8-million sale of its vacuum products division to the BOC Group of Britain. The company said it had been notified by the FTC that the agency would not approve the planned sale and had authorized its staff to seek a preliminary court injunction against the deal.
BUSINESS
January 25, 1989 | JOHN M. BRODER, Times Staff Writer
The Navy has lifted its suspension order against a unit of Varian Associates, a Palo Alto electronics company implicated in the federal "Ill Wind" investigation of fraud in Pentagon purchasing, officials said Tuesday. Under unusual settlement terms, the company agreed to pay the Navy's as yet undetermined cost of investigating the Varian unit.
BUSINESS
July 19, 1985
The Palo Alto firm, which makes components for the computer and semiconductor industries, also extended a series of temporary office and plant shutdowns. Earlier, Varian Associates reported plans to cut employment by 1,700 from the current 15,500 and to cut capital spending. Third-quarter results will be negatively affected by one-time costs of the cutbacks and of inventory reserves, but the company expects to report a profit, Chairman Thomas D. Sege said.
BUSINESS
June 15, 1995 | Times Staff and Wire Reports
Varian Selling Electron Devices Unit: Varian Associates of Palo Alto said merchant banker Leonard Green & Partners agreed to buy Varian's Electron Devices operation for $200 million in cash and the assumption of certain liabilities. Varian Chairman J. Tracy O'Rourke said the sale will allow the company to concentrate on its faster-growing equipment operations.
BUSINESS
August 17, 1988 | JIM SCHACHTER, Times Staff Writer
Some of the nation's leading defense contractors said Tuesday that the defense procurement scandal could end up costing them, but that it's too soon to estimate how much. Under prodding from the Securities and Exchange Commission, the companies this week are making the most detailed disclosures yet of their roles in the scandal and its possible consequences.
BUSINESS
July 2, 1988 | JAMES BATES, Times Staff Writer
Varian Associates, a granddaddy of high technology in Silicon Valley that has been criticized in recent years for failure to mesh its far-flung operations, now finds that a Texas company it bought three years ago has pushed it into the Pentagon procurement scandal. On Friday, Defense Secretary Frank C.
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