Yes - you can have as many service endpoints running within your web server / app server as you like.
Remember, web services (over SOAP/HTTP at least) are just HTTP requests and responses, so being able to service multiple endpoints is just like running multiple
Servlets or JSPs within your web container.
I'm not sure about the current version of Axis, but if I were you I'd go with Sun's Web Services developer pack instead, since Axis (at least in the recent past) wasn't compatible with the WS-I standards.
Does anyone know if Axis is WS-I compliant these days??
cheers,
Dave.