Bad news bears(bulls?):
BW0375ÿ OCTÿ 8,1997ÿÿÿÿÿ 15:00ÿ PACIFICÿÿÿÿÿ 18:00ÿ EASTERN
( BW)(TRIKON-TECHNOLOGIES)(TRKN) TRIKON TECHNOLOGIES ANNOUNCES
PRELIMINARY THIRD QUARTER RESULTS AND CORPORATE RESTRUCTURING
ÿÿ Business Editors
ÿÿ CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 8, 1997--Trikon
Technologies Inc. (Nasdaq:TRKN), an international supplier of etch
and deposition equipment used to manufacture semiconductors,
Wednesday announced preliminary financial results for the third
quarter ended Sept. 30, 1997, and a significant restructuring of its
business.
ÿÿ For the quarter ended Sept. 30, 1997, Trikon's revenue will be
approximately $12.7 million which will result in an estimated loss
of 70 cents to 75 cents per share.ÿ Trikon will significantly
restructure its business, resulting in a 20 percent reduction in its
workforce, or approximately 115 employees worldwide.
ÿÿ The company announced that Deutch Morgan Grenfell (DMG)
Technology Group has been retained to advise Trikon's board
regarding available strategic alternatives.
ÿÿ Trikon also announced that the Oct. 15 interest payment on the
7 1/8 percent convertible subordinated notes due 2001 has been blocked
by Trikon's bank lenders for 180 days under the indenture governing
the notes.
ÿÿ 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:ÿ
etch, physical vapor deposition (PVD), and chemical vapor deposition
(CVD).ÿ
ÿÿ The company's corporate headquarters are located in Chatsworth,
north of Los Angeles.ÿ Manufacturing is conducted in Newport, Wales,
and Chatsworth.ÿ Trikon operates worldwide through wholly owned
subsidiaries in the United Kingdom, Japan, Germany, France and South
Korea.ÿ
-0-
ÿÿ Safe Harbor:ÿ Except for the historical information contained
herein, the matters set forth in this news release are
forward-looking statements that involve a number of risks and
uncertainties.ÿ In addition to factors discussed above, the factors
that could cause actual results to differ materially include the
following:ÿ 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.ÿ For a description of
risks attendant to Trikon Technologies and the semiconductor
manufacturing industry, see the company's SEC filings.
ÿÿ
ÿÿ --30--EW/la*ÿ LF/la
ÿÿ CONTACT:ÿ Trikon Technologies Inc., Chatsworth
ÿÿÿÿÿÿÿÿÿÿÿÿ Frederick Reynolds, 818/886-8000, ext. 155
ÿÿÿÿÿÿÿÿÿÿÿÿ 818/886-2245 (fax)
ÿÿÿÿÿÿÿÿÿÿÿÿ frederick.reynolds@trikon.com (e-mail)
ÿÿÿÿÿÿÿÿÿÿÿÿ www.trikon.com |
