DALLAS, Nov. 10, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Axcelis Technologies (Nasdaq:ACLS). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The investment report on Axcelis Technologies (Nasdaq:ACLS) should be of particular interest to semiconductor equipment makers: Mattson Technology Inc. (Nasdaq:MTSN), Varian Semiconductor Equipment Associates Inc. (Nasdaq:VSEA) and Applied Material Inc. (Nasdaq:AMAT).
The full report is available at: http://www.beaconequity.com/i/ACLS
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Axcelis Technologies Incorporated (ACLS) is a designer and manufacturer of semiconductor equipment, marketing its ion implantation, dry strip, and other processing equipment products worldwide.
In the report, the analyst notes:
"The Company operates in an industry subject to cyclical swings and trends by makers of semiconductors. Demand for its products is influenced by capital spending, capacity and utilization rates of semiconductor manufacturers and technology advancement. As a result, the Company expects its revenue and earnings to fluctuate during the various cycles of the semiconductor makers industry. The second half of 2007 marks the period when the industry began to slow, and is expected to continue through 2009, according to management's assessment in its latest 10-Q.
"For the period ended September 30, 2009, the Company operated at a negative cash flow predominately driven by the decline in demand for semiconductors. Cash and cash equivalents reached $41.2 million at the close of the third quarter, compared with $49.8 million at the close of the second quarter, while the Company's cash burn rate between quarters reached $8.5 million. The Company expects cash flow to improve markedly during the fourth quarter of 2009."
To read the entire report visit: http://www.beaconequity.com/i/ACLS
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