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San Jose Mercury News, Calif., Insider Trading Column.

By Dan Lee, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News

May 3--Varian Inc. Chairman Allen Lauer collected a gain of $1.48 million last month from exercising stock options and then selling those shares of the Palo Alto maker of scientific instruments.

Lauer, who retired as Varian's chief executive Dec. 31 while remaining chairman, exercised options to buy 50,000 shares for prices ranging from $11.77 to $11.84 each April 1-2, according to Thomson Financial. Over the same two days, he sold those shares for prices ranging from $40.70 t

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