Axcelis raises 4Q outlook

January 16, 2004 – Axcelis Technologies Inc., Beverly, MA, has raised its revenue outlook for 4Q03 to $94-$98 million on shipments of $103-$108 million, up 5%-8% from previous estimates.

Worldwide revenue, including the company’s 50% JV in Japan, are expected to be at the high range of estimates of $150-160 million. Net income is expected to be $2-$4 million, instead of previously-predicted breakeven operating results.

The bump was due to a 40% growth in new orders, particularly for the company’s ion implanters, said president and CEO Mary Puma.


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