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Technology Stocks : IBIS -- Ignore unavailable to you. Want to Upgrade?

To: Robert C. Nusbaum who wrote (289)	9/2/2003 9:19:16 PM
From: SemiBull	Read Replies (1) \| Respond to of 301

Ibis Tech to sell 2 mln shares for working capital Tuesday September 2, 5:25 pm ET WASHINGTON, Sept 2 (Reuters) - Ibis Technology Corp. (NasdaqNM:IBIS - News), which makes implantation equipment and wafers for the semiconductor industry, filed on Tuesday with the Securities and Exchange Commission (News - Websites) to sell 2 million common shares from time to time. The Danvers, Massachusetts-based company plans to use the net proceeds for working capital and other general corporate purposes, including debt reduction, growth financing; product development; for capital expenditures; and acquisitions, it said in the shelf registration filing. A shelf registration gives a company advance regulatory approval to sell securities, allowing the company flexibility in the amount and timing of an offering. Ibis shares rose 5.23 percent, or 56 cents, to close at $11.26 on Nasdaq.