How Many Semi Cap Equipment Companies Will Disappear?
No part of the tech sector has been harder hit than the semiconductor equipment stocks. Makes you wonder how many of the players will simply disappear.
Carl Johnson, who runs the industry research boutique, Infrastructure, points out that there’s a host of smaller players in trouble:
IBIS Technology holders on Monday announced that the company’s holders have voted to liquidate. The stock on Tuesday closed at five cents. IBIS, which made implantation equipment, once traded as high as $125 a share.
Axcelis (ACLS) missed paying $85 million in notes in mid-January; it is holding talks with its lenders. An ion implant company, Johnson suggests it might be the next to go. Unless someone else files bankruptcy first. ACLS, which in 2000 traded north of $25, is now at 27 cents.
