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some consolidation today? Hope this trends up some this week.
strong close this afternoon with an intraday high
good setup for next week
D
someone grabbed a big block of 50000 after hours !
D
Not bad compared to this mornings action. Hopefully will consolidate at a higher level.
ACLS_ Yes Today and rest of Year !!
PM getting a little action this morning....lets hope for a nice day here.
If indicators on a chart mean anything , it will continue ..
For those that play by the chart , it's a no brainer ..
Up is where it's going !
Some good consolidation after the 30%+ increase today, hard to say which way it will go from here?
ACLS ---None what so ever and now is the time !
Thanks.......looking good HOD 1.14
Yes- and I love you siggy !!
No reason this can't hit $1.25 today.
Looks good to me and there is no sell off so I take that as postive.. Now let it go up !!
Good stuff, hoping for a nice opening tomorrow and throughout the day!
I have no problems with this at all IMHO this looks really good and is poised for much higher pps down the road :)
D
Axcelis Announces Improved Financial Results for Third Quarter 2009
Press Release
Source: Axcelis Technologies, Inc.
On 4:10 pm EST, Thursday November 5, 2009
Buzz up! 0 Print.Companies:Axcelis Technologies Inc.
BEVERLY, Mass., Nov. 5, 2009 (GLOBE NEWSWIRE) -- Axcelis Technologies, Inc. (Nasdaq:ACLS - News) today announced improved financial results for the third quarter ended September 30, 2009.
Related Quotes
Symbol Price Change
ACLS 0.8700 0.0000
{"s" : "acls","k" : "c10,l10,p20,t10","o" : "","j" : ""}
Operations
The Company reported third quarter revenue of $35.0 million, compared to $33.6 million for the second quarter of 2009. Net loss for the third quarter was $15.9 million, or $0.15 per share. This compares to a net loss for the second quarter of 2009 of $22.4 million, or $0.22 per share of which $4.1 million ($.04 per share) was attributable to restructuring charges. In the corresponding quarter for the previous year, the Company reported revenue of $46.5 million, and a net loss of $24.7 million, or $0.24 per share.
Balance Sheet
Cash and cash equivalents, including restricted cash, were $48.5 million at September 30, 2009. Cash burn ($8.5 million in the third quarter of which $2.4 million was attributable to restructuring costs) continues to decline and we expect to approach cash flow break even in the fourth quarter of 2009. The Company ended the quarter with working capital of $177.5 million. Working capital management remains a focus to enhance cash flow. During 2009 the Company has reduced inventories by $17.2 million through the sale of product on hand.
Commenting on the Company's performance, Mary Puma, chairman and CEO, stated, "We're pleased to report improving financial results this quarter in terms of reducing our losses and slowing our cash burn. Actions taken to reduce operating expenses and increase efficiencies throughout the organization are having, and will continue to have, a positive effect on cash flow and profitability. In fact, we expect to approach cash breakeven in the fourth quarter, as increased fab utilization drives aftermarket business and new systems orders." She added, 'We've also made solid progress with our product portfolio through enhancements to productivity and advanced process capabilities. Consequently, we are well positioned to meet customers' technology demands and benefit from enhanced earnings leverage moving into 2010."
Third Quarter 2009 Conference Call
The Company will also be hosting a conference call today at 5:00 pm ET to discuss results for the third quarter of 2009. The call will be available to interested listeners via an audio webcast at Axcelis' home page at www.axcelis.com, or by dialing 1-888-680-0892 (1-617-213-4858 outside North America). Participants calling into the conference call will be requested to provide the passcode: 99888481. Webcast and telephone replays will be available from 8 pm ET on November 5, 2009 until 11:59 pm on February 5, 2010. Dial 1-888-286-8010 (1-617-801-6888 outside North America), and enter conference ID code#71293614.
About Axcelis
Axcelis Technologies, Inc. (Nasdaq:ACLS - News) headquartered in Beverly, Massachusetts, provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life support of ion implantation and cleaning systems. The company's Internet address is: www.axcelis.com.
Axcelis Technologies, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)
Three months ended Nine months ended
September 30, September 30,
2009 2008 2009 2008
-------- -------- -------- --------
Revenue
Product $ 25,871 $ 32,490 $ 69,369 $163,543
Service 9,132 13,163 24,527 41,360
Royalties, primarily
from SEN 4 801 389 3,334
-------- -------- -------- --------
35,007 46,454 94,285 208,237
Cost of revenue
Product 21,681 22,759 62,571 112,906
Service 5,506 6,536 15,001 21,866
-------- -------- -------- --------
27,187 29,295 77,572 134,772
Gross profit 7,820 17,159 16,713 73,465
Operating expenses
Research and development 7,648 15,873 24,935 49,680
Sales and marketing 5,700 12,381 18,864 36,760
General and administrative 7,874 10,562 27,075 31,254
Amortization of
intangible assets -- 656 -- 1,968
Restructuring charges 430 444 5,528 3,512
-------- -------- -------- --------
21,652 39,916 76,402 123,174
-------- -------- -------- --------
Loss from operations (13,832) (22,757) (59,689) (49,709)
Other income (expense)
Gain on sale of SEN -- -- 1,080 --
Equity loss of SEN -- (968) (3,238) (1,100)
Interest income 59 319 152 1,400
Interest expense -- (1,724) (1,676) (5,005)
Other, net (1,681) 763 (3,197) 314
-------- -------- -------- --------
(1,622) (1,610) (6,879) (4,391)
-------- -------- -------- --------
Loss before income taxes (15,454) (24,367) (66,568) (54,100)
Income taxes 444 374 864 1,118
-------- -------- -------- --------
Net loss $(15,898) $(24,741) $(67,432) $(55,218)
======== ======== ======== ========
Net loss per share
Basic and diluted net
loss per share $ (0.15) $ (0.24) $ (0.65) $ (0.54)
======== ======== ======== ========
Shares used in computing
basic and diluted
net loss per share
Weighted average common
shares outstanding 103,850 103,002 103,475 102,635
======== ======== ======== ========
Axcelis Technologies, Inc.
Consolidated Balance Sheets
(In thousands)
(Unaudited)
Sept. 30, Dec. 31,
2009 2008
--------- ---------
ASSETS
Current assets
Cash and cash equivalents $ 41,244 $ 37,694
Restricted cash 7,239 8,654
Accounts receivable, net 26,632 27,486
Inventories, net 123,630 150,113
Prepaid expenses and other current assets 10,931 17,231
--------- ---------
Total current assets 209,676 241,178
Property, plant and equipment, net 41,940 44,432
Investment in SEN -- 156,677
Other assets 10,875 12,894
--------- ---------
$ 262,491 $ 455,181
========= =========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable $ 6,432 $ 8,066
Accrued compensation 10,938 15,841
Warranty 1,029 3,137
Income taxes 856 337
Deferred revenue 10,093 12,508
Other current liabilities 2,868 6,897
Current portion of convertible
subordinated debt -- 83,210
--------- ---------
Total current liabilities 32,216 129,996
Long-term deferred revenue 659 1,872
Other long-term liabilities 3,982 3,936
--------- ---------
Stockholders' equity
Preferred stock -- --
Common stock 104 103
Additional paid-in capital 487,047 483,546
Treasury stock (1,218) (1,218)
Accumulated deficit (265,911) (198,479)
Accumulated other comprehensive income 5,612 35,425
--------- ---------
225,634 319,377
--------- ---------
$ 262,491 $ 455,181
========= =========
Contact:
Axcelis Technologies, Inc.editorial/media Maureen Hart 978.787.4266 Maureen.hart@axcelis.comfinancial community Stephen Bassett 978.787.4110 Stephen.bassett@axcelis.com
Sounds like a good plan to me...
yeah I am considering selling half my position tomorrow if this has a healthy run into rumour on news and then see what happens Friday. I have been left behind on the buy on rumour sell on news scenario.
D
GLTY
I agree there has been some nice buying today hope it keeps up, I just wonder why all the selling on Friday, Monday and Tuesday.
I agree, with today's action, looks like people are anticipating good news.
Sure would be nice to hear some positive news tomorrow. GLTA
Dang, I guess if you were thinking of adding, today would have been the day to add. Hope we get some good news on the 5th.
I can't help myself I think I will take a chance and add a few here in anticipation of report
D
Let’s keep our fingers crossed that the 3rdQ earnings report will be positive. Also they have had a lot of positive news lately and are moving in the right direction.
thoughts on pps and what to expect nov 5?
D
Have to agree with you, i'm still holding....and GL!
profit taking today imho
D
The hits keep coming.
http://finance.yahoo.com/news/Axcelis-Scores-Another-High-pz-2298860958.html?x=0&.v=1
Looks like were at lease on track to hit $2.00 by the end of the week. Sure would be nice.
Good Luck to All!
wouldn't that be nice, you know theres not all that much to stand in the way, 2 years ago it would have done it in 3 days.
D
Would be incredible if it filled the gap all the way back to $4.00.
no regrets today, pushing closer to 1.75 I wonder what the week has in store
D
I haven't sold any- [ I may regret it] but my cost is really low. This year I've done my best buying and holding . I've had all the Trust Preffereds of Lehman brothers for over a year and they have had gains from my entry of .005- .02 to now over .50 . My theory on ACLS is the same- Hold for longer, pay only 15% capital gains . But if ACLS would get to $2.00 or so I would have to sell at least half- or if the market gets that doom and gloom feeling I'll hopefully be able to get to cash . Seems like we're holding well and the volume has been good. If I were to double down tho I'd likely not sleep as well at night . My cost AVG is .26 . Certainly looks like ACLS may actually make it through this tough enviroment and if they aren't aquired the may gain some market share.
hey monkey, have you taken anything off the table here yet? just wondering if an opportunity to double down could be surfacing.
D
Really nice chart! Thanks for posting it !
I like the charts on this stock, I have had it for a while, got in pretty low and have no intentions of letting her go anytime soon.
see chart maybe $1.75 resistance next week
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42062350
http://finance.yahoo.com/news/Axcelis-Receives-Multiple-pz-728106736.html?x=0&.v=152u93k6a
Really making a push here to get well above the Nasdaq listing requirement.
Book-to-bill for Japanese equipment makers also shows turnaround.
Link (scroll down for english)
http://www.seaj.or.jp/statistics/data/SEAJBBExpR200908.pdf
Very nice Book-to-Bill ratio for August.
I'm guessing/hoping that money managers use these ratios to justify buying stock in equipment manufacturers. It certainly shows the business cycle is continuing to turn around.
Here is is the link:
http://www.semi.org/en/MarketInfo/Book-to-Bill/index.htm
Now hopefully we'll see it have an effect on the share price tomorrow and next week.
It was odd but but timely. I grabbed 29K at .79 from a sell earlier at .88 Totally wasn't expecting such a shake, just got lucky.
Hoping for stellar book-to-bill ration this afternoon from semi.org
Not really sure how much weight to give those numbers but July's report coincided perfectly with ACLS pps moving from the low .50's to where it's at now. Their industry is certainly picking up again.
yesterday afternoon was odd ???????????
D
congrats all.breaking out my target .81, link back to see my previous targets, next target is 1.07 then 1.25. good luck.
hey monkey good times so far ! dollar land is not out of the question, where do you think our new base has formed?
Up in premarket, it would be nice if it continues.
Nice news dollar land here we come?
http://finance.yahoo.com/news/Axcelis-Receives-FollowOn-pz-2636420896.html?x=0&.v=1
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Axcelis Technologies is a provider of ion implantation equipment used in the fabrication of semiconductors, and also produces dry strip, photostabilization and rapid thermal processing equipment. http://www.axcelis.com
Charting thanks to 4Godnwv and Augustafriends
http://www.mffais.com/125149 FMR CORP 15 million plus share holder
http://www.mffais.com/1866889 Sterling Capital 9 million plus shareholder
http://www.mffais.com/209170 Donald smith and company 10 million plus shareholder
http://www.nasdaq.com/asp/holdings.asp?symbol=ACLS&selected=ACLS&FormType=Institutional Tradewinds global investors global llc 7 million plus shareholder
http://www.nasdaq.com/asp/holdings.asp?symbol=ACLS&selected=ACLS&FormType=Institutional Barclays Global investors holdings LTD UK 4.5 million plus shareholder
http://www.mffais.com/acls Unprecedented institutional holdings for a .50 stock.
103 million shares outstanding- aprox 50 million dollars cash and 100 million in assets coporate headquarters and tools/machinery etc.
With planned layoffs and other cost saving measures company value could be considered up to $2.50/shr
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