Tuesday, March 17, 2009

Axcelis Technologies NT 10K (Late Filing Notice)

"Axcelis Technologies, Inc. (the “Company”) is unable to file its Annual Report on Form 10-K for the period ended December 31, 2008 within the prescribed time period without unreasonable effort and expense because extra time is needed to determine the amount by which the Company’s long-lived assets and goodwill have been impaired. In connection with the preparation of the financial statements for the fiscal year ended December 31, 2008, and following discussions with the Audit Committee, management concluded that, due to the continuing downturn in the semiconductor industry and the global economy, the Company’s long-lived assets and goodwill have been impaired........The Company expects to file the Form 10-K on or before March 31, 2009, the fifteenth calendar day following the prescribed due date."