Friday April 18 5:16 PM EDT
TRIKON TECHNOLOGIES FILES 10-K
CHATSWORTH, Calif.--(BUSINESS WIRE)--April 17, 1997-- Trikon Technologies Inc , an international supplier of etch and deposition equipment used to manufacture semiconductors, Thursday announced the filing of its Form 10-K.
Within the "Management's Discussion and Analysis of Financial Conditions" section of the Form 10-K, Trikon noted that it believes the semiconductor industry is still experiencing a downturn which continues to result in rescheduling and pushing out of orders due to diminished product demand and production overcapacity.
Each of Trikon's operations have been and will continue to be dependent on the current and anticipated market demand for integrated circuits (ICs) and products utilizing ICs that are produced by semiconductor manufacturers. The current weakness in demand in the semiconductor industry, and any continuation of this weakness in the future, is likely to materially and adversely affect the company's business and operations.
Trikon believes that the downturn will continue through at least the third quarter of 1997. As a result, the company anticipates reporting lower sales for the first quarter of 1997 than the fourth quarter of 1996, and anticipates incurring a significant loss during the first quarter.
Trikon Technologies provides a broad line of advanced manufacturing systems that are used for three of the four major processing steps in the manufacture of a semiconductor device: etch, physical vapor deposition (PVD) and chemical vapor deposition (CVD).
The company's corporate headquarters are located in Chatsworth, north of Los Angeles. Manufacturing is conducted in Newport, Wales; and Chatsworth. Trikon operates worldwide through wholly owned subsidiaries in the United Kingdom, Japan, Germany, France and South Korea.
Safe Harbor Statement: Except for historical information contained herein, the matters set forth in this news release are forward-looking statements that involve a number of risks and uncertainties.
In addition to factors discussed above, the factors that could cause actual results to differ materially include the following: product demand and market acceptance, the timing and success of new product introductions, business issues and growth within the semiconductor manufacturing industry, competitive factors such as rival etch and deposition technologies, and availability of key supplier components at reasonable prices.
For a description of risks attendant to Trikon Technologies and the semiconductor manufacturing industry, see the company's SEC filings.
CONTACT: Trikon Technologies Inc., Chatsworth
Frederick Reynolds, 818/886-8000, ext. 155
Fax: 818/886-8098
E-mail: frederick.reynolds@trikon.com
www.trikon.com |
