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Varian, Inc. Reports First Quarter 2008 Results
Date:1/23/2008

y, plant

and equipment 341 119

Purchase of property, plant

and equipment (3,459) (2,054)

Purchase of businesses, net of

cash acquired (9,987) (3,000)

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Net cash used in investing activities (13,105) (4,935)

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Cash flows from financing activities

Repayments of debt - (1,250)

Repurchase of common stock (15,102) (37,055)

Issuance of common stock 9,518 2,353

Excess tax benefit from share-based plans 2,390 1,173

Transfers to Varian Medical Systems,

Inc. (212) (207)

------------ ------------

Net cash used in financing activities (3,406) (34,986)

------------ ------------

Effects of exchange rate changes on

cash and cash equivalents 692 4,677

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Net increase (decrease) in cash and

cash equivalents 1,284 (12,852)

Cash and cash equivalents at

beginning of period 196,396 154,155

------------ ------------

Cash and cash equivalents at end of period $197,680 $141,303

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VARIAN, INC. A
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SOURCE Varian, Inc.
Copyright©2008 PR Newswire.
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