UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    Form 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

      Date of Report (Date of earliest event reported): December 19, 2006
                                                        -----------------


                           Ibis Technology Corporation
             (Exact name of registrant as specified in its charter)



       Massachusetts                0-23150                    04-2987600
(State or other jurisdiction      (Commission                (IRS Employer
     of incorporation)            File Number)              Identification No.)


32 Cherry Hill Drive, Danvers, Massachusetts                     01923
- -------------------------------------------------------------------------------
(Address of principal executive offices)                       (Zip Code)


Registrant's telephone number, including area code:  (978) 777-4247
                                                     --------------


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[_]  Written  communications  pursuant Rule 425 under the Securities Act (17 CFR
     230.425)

[_]  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[_]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))










ITEM 8.01.  OTHER EVENTS

On December 19, 2006, Ibis Technology Corporation announced the Company's
comments regarding it's 2007 outlook. A copy of the press release is being
furnished as Exhibit 99.1 to this Current Report on Form 8-K. This information
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in
such a filing.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits

    Exhibit 99.1.   Press Release issued by Ibis Technology Corporation on
                    December 19, 2006.










                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                             IBIS TECHNOLOGY CORPORATION


Date: December 19, 2006


                             /s/William J. Schmidt
                             --------------------------------------------
                             William J. Schmidt Chief Financial Officer








                                  EXHIBIT INDEX

Exhibit
Number                     Description

99.1     Press Release Announcing Company's 2007 outlook.