Axcelis Technologies, Inc. (ACLS) Message Board

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Technology Stocks : Axcelis Technologies, Inc. (ACLS)

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To: Proud_Infidel who wrote (90)	6/13/2001 8:57:15 PM
From: Alan Gallaspy	of 195

MSDW's take on ACLS Axcelis (ACLS-$16-SB-V) Reiterates Guidance Jay Deahna/Steven Pelayo ACLS mgmt is meeting with investors this week and is reiterating its F2Q01 guidance. We do not expect ACLS to pre-announce F2Q. One of the few to make the first qtr - ACLS is proving to be adept at conservatively guiding the street and meeting expectations. We believe ACLS is successfully broadening its product line with penetration at large chipmaker accounts for the move to 300mm and 0.13-micron process technology. At 2.2x trailing sales ($15.35), we believe ACLS shares are very attractive, with downside risk into the $13 range and upside to $30 plus in 12 months.

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