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To: Trader X who wrote (9580)	11/12/1997 10:40:00 AM
From: Andrew Vance	Read Replies (2) \| Respond to of 17305

AV--Whoops!! Sorry about that. IT was CRED not CREE. I before E except after C but never an E for a D. For the offense, see below for the TRKN news release which may be of interest. Wednesday November 12, 9:22 am Eastern Time Company Press Release Trikon Technologies Announces Grant To Applied Materials Of Non-Exclusive License To Etch And Pvd Technology CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 12, 1997--Trikon Technologies Inc. (Nasdaq:TRKN - news), an international supplier of etch and deposition equipment used to manufacture semiconductors, Wednesday announced the grant of a non-exclusive worldwide paid-up license of its MORI Etch and Forcefill PVD technology to Applied Materials (Nasdaq:AMAT - news). Under the terms of the agreement, Applied Materials will pay Trikon Technologies $30 million, $27 million of which has been paid and an additional $3 million of which will be paid upon completion of the technology transfer. The agreement does not preclude Trikon Technologies from utilizing, or licensing to other third parties, the licensed technology. Trikon will utilize the license proceeds to pay off in full its senior debt and to make an interest payment due on its 7-1/8 percent convertible subordinated notes due 2001, which will relieve the company of certain restrictions on its financial activities. Chris Dobson, chairman of Trikon Technologies, said the license to Applied further endorses the company's confidence in the value of MORI and Forcefill technologies for the semiconductor industry. ''It also provides us with a significant cash infusion, allows us to continue producing technological innovation and to improve our customer support.'' Trikon Technologies announced that it intends to restructure its MORI etch operations during the fourth quarter, which will result in a one-time charge to earnings in the fourth quarter that may be substantial. Safe Harbor: 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: the availability of financial resources adequate for Trikon's short-, medium- and long-term needs, 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 Securities and Exchange Commission filings, including, without limitations, its annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Trikon Technologies provides a broad line of advanced manufacturing systems that are used for three of the 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. Andrew BTW-Even with the jump up in price today, it is selling at a pathetic low. Who knows where it may go from here (most likely up).