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Varian, Inc. Announces First Quarter 2009 Preliminary Results
Date:1/16/2009

er with a strong backlog for these products and saw solid orders during the quarter, delays due to some of these factors, compounded by the shorter working month and customer shutdowns in December, were responsible for a large portion of our decrease in revenues, and all of the decrease in earnings, in the first quarter. Fortunately, we expect to recognize most of these revenues during the second and third quarters."

"We believe the broader weakness in orders that we experienced during December reflected a combination of factors including the deterioration of global economic conditions, the timing and extent of customer shutdowns and the shorter working month," said Rogerson. "It is currently difficult to say how much each of these factors contributed to the weaker order activity and whether that weakness is indicative of any longer-term trend."

"We therefore believe, as we separately announced today, it is prudent to take steps to reduce our cost structure and position ourselves favorably to respond to demand fluctuations while continuing to invest in new product development and maintaining our high standard of customer service and support. Our product, application and geographic diversity continue to position us well, in particular with the prospect of increased global governmental spending on research and other applications."

Webcast Conference Call

The company plans to report its final and more detailed results for the first quarter of fiscal year 2009 after 1:00 p.m. Pacific Time (PT) on Wednesday, February 4, 2009. A conference call to review the results will follow at 2:00 p.m. PT that same day.

A live webcast of the conference call will be publicly available (in listen-only mode) and may be heard via the Internet by going to www.varianinc.com and clicking on the "Live Webcast" link at the top of the right side o
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SOURCE Varian, Inc.
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