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Technology Stocks : Helix Technology, a cold play on semiconductor equipment -- Ignore unavailable to you. Want to Upgrade?

To: John Nobrega who wrote (709)	10/14/1999 4:36:00 PM
From: Jack Kunkle	Read Replies (1) \| Respond to of 1227

Helix Reports Sharply Higher Third Quarter Earnings BusinessWire, Thursday, October 14, 1999 at 16:06 MANSFIELD, Mass.--(BUSINESS WIRE)--Oct. 14, 1999--Helix Technology Corporation (NASDAQ NMS symbol:HELX) today announced net income for the third quarter ended October 1, 1999, of $4.8 million, or $0.21 per share, compared to a net loss of $3.4 million, or ($0.15) per share in the third quarter of 1998. Sales for the third quarter of 1999 were $39.0 million compared with $18.6 million in 1998. Net income for the nine months ended October 1, 1999, was $9.0 million, or $0.40 per share, compared with a net loss of $2.0 million, or ($0.09) per share, for 1998. Sales for the nine-month period were $97.5 million in 1999 versus $75.8 million in 1998. Commenting on the results, Helix President, Robert J. Lepofsky, said, "Revenues in the third quarter of 1999 were 20% higher than in the second quarter of 1999. Net income in the third quarter of 1999 was up 60% compared to the immediately preceding quarter. We recorded strong order booking trends throughout the quarter in each of our Product Centers. With the rapid recovery in the global semiconductor capital equipment market, we and our customers are seeing the benefits inherent in our extremely short cycle time approach to operations. The combination of an excellent external market environment and the favorable response to our newer products from both end-users and OEM accounts suggests to us that we will continue to see positive performance gains in the quarters ahead." Helix Technology Corporation is a global leader in the development and application of innovative solutions in the field of vacuum technology. Through our CTI-Cryogenics and Granville-Phillips Product Centers, we provide a broad range of critical vacuum components and subsystems that are key to the performance of semiconductor, flat panel and data storage manufacturing facilities. Our highly regarded Global Support activity leverages Helix's unique On-Board(R) information solutions to provide ongoing operational support services to semiconductor device producers throughout the world.