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Business Description
Varian Medical Systems, Inc. is engaged in designing and manufacturing advanced equipment and software solutions for treating cancer with radiation, as well as cost-effective x-ray tubes for original equipment manufacturers, replacement x-ray tubes and flat-panel digital subsystems for imaging in medical, scientific and industrial applications. The Oncology Systems business segment produces and sells advanced products for treating cancer with radiation, including linear accelerators, treatment simulation and verification products, information management and treatment planning software, and other sophisticated accessory products and services. These products enable and allow doctors to offer advanced cancer treatment processes, such as intensity-modulated radiation treatment and image-guided radiation therapy.

Financial Information
For the fiscal year ended 10/1/04, revenues rose 19% to $1.24 billion. Net income rose 28% to $167.2 million. Revenues reflect higher Oncology systems, X-Ray products and other revenues. Earnings also reflect improved gross profit margins.