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Updated from 2:15 p.m. EDT

Four technology companies, including a Turkish mobile telephone provider, made their stock trading debuts on Tuesday, in what appeared to be a cautious revival of the market for public offerings after a second quarter marked by a muted investor appetite for new issues.

Axcelis Technologies

(ACLS) - Get Axcelis Technologies, Inc. Report

led the way. Priced at $22 Monday at the top of its range of $20 to $22, Axcelis finished Tuesday regular trading up 1 15/16, or 9%, at 23 15/16.

However, its first day of trading was nothing like those experienced by the two lone stars of the last quarter,

Marvell Technology Group

(MRVL) - Get Marvell Technology, Inc. Report

, which stunned the market by nearly quadrupling almost two weeks ago, and

Accelerated Networks


, which more than tripled.

A spinoff of industrial mainstay


(ETN) - Get Eaton Corp. Plc Report

, Axcelis, based in Beverly, Mass., is the market leader in its field: the making of ion implantation equipment used to insert electrically charged particles into silicon wafers in order to form the active components of a semiconductor. Its competitors include

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Applied Materials

(AMAT) - Get Applied Materials, Inc. Report


Varian Semiconductor Equipment

( VSEA), which have both recorded triple-digit gains in the past year.

Unlike many new listings, Axcelis has actual profits -- $18.9 million in the last quarter.

George Nichols, a stock analyst at

, said that the buzz surrounding Axcelis' $341 million offering was warranted because it operates in a hot market and is highly profitable.


(STM) - Get STMicroelectronics NV Report

of France,


( MOT) and

Texas Instruments

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account for almost 40% of the company's sales.

Goldman Sachs


Morgan Stanley Dean Witter


Lehman Brothers


Salomon Smith Barney

underwrote the issue.

Shares of the three other technology companies that began trading Tuesday encountered varying results.


(ENTG) - Get Entegris, Inc. Report

, a $143 million company, closed up 3/16, or 2%, at 11 3/16. The issue was priced at $11, within the range of $11 to $13 that had been lowered twice already, from $15 to $17 and then from $13 to $15. Based in Chaska, Minn., the company makes materials for semiconductors and disk drives.

Shares of the $1.7 billion


(TKC) - Get TURKCELL Iletisim Hizmetleri AS Report

finished flat at 17 5/8. Turkcell, an Istanbul-based mobile phone operator, is the first Turkish company to list on the

New York Stock Exchange

and was priced in the middle of its range of $16.49 to $20.07.

Priced at $12, in the middle of its range of $11 to $14, Hong Kong-based

Asat Holdings

(ASTT:Nasdaq), a $240 million issue, closed down 1, or 8%, at 11.