Sumitomo will feel regret
Sumitomo offered $6 per share, or $630 million to takeover Axcelis earlier this year. However, Sumitomo is unable to make a definitive offer for the Axcelis acquisition.
Axcelis and Sumitomo own a venture, SEN, that makes chip components.
It is possible that Sumitomo encountered financial difficulties itself.
Axcelis Technologies, Inc. designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. Its products include a line of high energy, high current, and medium current ion implanters for various applications; and a line of single wafer implanters, known as the Optima platform; and other semiconductor equipments.
Semiconductor industry section has reached bottom, so as ACLS.
ACLS will see profitable within a year or longer. By that time, ACLS will be back to $10 ~ $20 per share. Sumitomo will feel regret at that moment.
Axcelis and Sumitomo own a venture, SEN, that makes chip components.
It is possible that Sumitomo encountered financial difficulties itself.
Axcelis Technologies, Inc. designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. Its products include a line of high energy, high current, and medium current ion implanters for various applications; and a line of single wafer implanters, known as the Optima platform; and other semiconductor equipments.
Semiconductor industry section has reached bottom, so as ACLS.
ACLS will see profitable within a year or longer. By that time, ACLS will be back to $10 ~ $20 per share. Sumitomo will feel regret at that moment.
posted by Chart Analyst Review @ 4:00 PM
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