Axcelis Technologies shareholder suggests separation of systems business

By Lisa Kerner

Charlotte, N.C., Dec. 22 - Axcelis Technologies Inc. investor Sterling Capital Management LLC said it is "imperative" the company explore ways to better position Axcelis for long-term success and to create shareholder value.

Sterling Capital suggested Axcelis separate its systems business from the aftermarket business, according to a schedule 13D/A filed with the Securities and Exchange Commission.

The investor reported beneficial ownership of 10,999,509 shares, or 10.7%, of the Beverly, Mass.-based company.

Axcelis makes semiconductor manufacturing equipment.

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