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 Axcelis Technologies (ACLS)
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| Author | Topic: Axcelis Technologies (ACLS) |
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InvestorGuide Daily Administrator |
posted 07-11-2000 06:19 PM
 
Semiconductor firm Axcelis Technologies (ACLS) priced at $22, opened at $27.5, closed at $23.94, and raised $326 million. |
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Mayor of Investorville Administrator |
posted 05-08-2000 12:45 PM
A subsidiary of Eaton Corporation, this company excels at its core business: ion implantation devices. Chip makers use ion implanters to insert electrically charged particles into silicon wafers, changing their conductive properties. Axcelis' other chip equipment includes systems for dry strip, photostabilization, and rapid thermal processing. The company and SEN, its Japanese joint venture with Sumitomo, supply products to 19 of the 20 largest semiconductor makers in the world. STMicroelectronics, Motorola, and Texas Instruments collectively account for nearly 40% of sales. Following Axcelis' planned IPO, Eaton will retain about 80% of the company. The company plans to go public soon and hopes to raise $500 million (source: SEC filing). |
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