NYSE, VAR - Varian Medical Systems
We, Varian Medical Systems, Inc., are a Delaware corporation and were originally
incorporated in 1948 as Varian Associates, Inc. In 1999, we transferred our
instruments business to Varian, Inc., or VI, a wholly owned subsidiary, and
transferred our semiconductor equipment business to Varian Semiconductor
Equipment Associates, Inc., or VSEA, a wholly owned subsidiary. We retained the
medical systems business, principally the sales and service of oncology products
and the sales of X-ray tubes and imaging subsystems. On April 2, 1999, we spun
off VI and VSEA, which resulted in a non-cash dividend to our stockholders and
which we refer to as the spin-offs in this Annual Report on Form 10-K.
Immediately after the spin-offs, we changed our name to Varian Medical Systems,
Inc. We have been engaged in aspects of the medical systems business since 1959. ...
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