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Technology Stocks : Axcelis Technologies, Inc. (ACLS)
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To: robert b furman who wrote (95)2/21/2005 1:09:50 PM
From: Lance Bredvold  Read Replies (1) of 195
 
Bob;
That was a fair wait (gg). And I have become an even larger investor in ACLS over the period when it's price has dropped below $10. And I sold a bunch of April $7.50 puts for $1.25. I have an limit order in to repurchase them at $.10 right now.
My major emphasis in evaluating the company has been in developing a faith in what management says. So far they seem to have been pretty careful in offering their view of the market and their part in it via conference calls and analyst presentations. I welcome more unbiased information about their technological prowess. Clearly they need to gain market share if my hopes for stock gains are to be realized since with 100mm shares outstanding they currently need a high margin in order to show a low PE at current sales level.

Recent emphasis in CC's has been on lowering their break even levels by outsourcing--similar to American Motors strategy in the late 50's. Hope the outcome is better, but recent periods of recovery have not been long enough to get earnings up to $1 a share or more which will be necessary for significant gain on my shares.

Best regards, and I look forward to more interaction on this board. ACLS is about my 7th largest holding and of importance to me. Lance
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