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Politics : Formerly About Applied Materials

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Dec 19 9:30 AM EST

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To: StanX Long who wrote (63191)	4/25/2002 2:24:51 AM
From: StanX Long	Read Replies (1) of 70976

Axcelis' Q1 sales jumps 19% over Q4 amid boost in bookings Semiconductor Business News (04/24/02 17:21 p.m. EST) siliconstrategies.com BEVERLY, Mass.-- Axcelis Technologies Inc. today reported sales were $74.9 million for the first quarter ended March 31, up 19% sequentially from the fourth quarter of 2001, and down 67% from the first quarter of 2001. Net loss for the first quarter of 2002 was $17.8 million, compared to net income of $16.2 million in the first quarter of 2001. Net loss per share for the first quarter of 2002 was $0.18 compared to earnings per share of $0.17 in the first quarter of 2001. Mary Puma, president and CEO, painted a mixed picture. "We are pleased with our increase in sequential quarterly net revenues, particularly given that 2001 was such a difficult year for the semiconductor capital equipment industry," she said. "Our business is definitely improving, with net bookings and quotation activity up significantly over the fourth quarter of 2001. While we are encouraged by these improvements, the trajectory of the upturn is still uncertain." For the second quarter of 2002, the company expects worldwide revenues to be $110-to-$120 million. Corresponding net losses are expected to be in the range of $0.09 - $0.12 per share.

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