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

To: mopgcw who wrote (1036)	10/9/2002 7:46:03 PM
From: mopgcw	Read Replies (1) \| Respond to of 1227

Helix Reports Reduced Quarterly Dividend MANSFIELD, Mass., Oct 9, 2002 (BUSINESS WIRE) -- Helix Technology Corporation (Nasdaq: HELX) today announced that the Company's Board of Directors has declared a reduced quarterly cash dividend of $0.04 per common share. The dividend is payable on October 30, 2002, to stockholders of record at the close of business on October 21, 2002. Commenting on the dividend announcement, Helix President, Robert J. Lepofsky, said, "We have had a long-standing policy of distributing cash in excess of our business needs to shareholders in the form of a regular quarterly cash dividend. At the present time we have a very strong Balance Sheet which includes a significant cash position and no debt. However, considering the very uncertain business environment and the current lack of forward visibility in the semiconductor capital equipment market, the Board has decided to reduce the quarterly dividend." Helix will announce its third quarter financial results on Friday, October 18, 2002. The Company will host a conference call to discuss the results at 9:30 a.m. that day. Helix Technology Corporation is a global leader in the development and application of innovative solutions in the field of vacuum technology. Our CTI-Cryogenics and Granville-Phillips product offerings provide a broad range of critical vacuum components and subsystems that are key to the manufacture of semiconductors, flat panel displays and data storage devices. Our highly regarded Global Support activity leverages Helix's unique On-Board(R) information solutions and our GOLDLink(R) remote diagnostic and monitoring capability to provide ongoing operational support services to semiconductor device producers throughout the world.