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To: jerryf who wrote (13154)	4/4/1998 7:25:00 PM
From: Andrew Vance	Read Replies (2) \| Respond to of 17305

AV--Interesting that you mention TRKN. I have commented on this stock before and was not overwhelmingly positive on this stock. They do have some good license agreements with some of the majors like LRCX and AMAT but as the story below attests, it is on shakey ground. This company was the result of a merger of two companies that were not "household words" in the IC industry. They were not known as leaders in their fields so the merger was viewed by me as more of a defensive move to compete. Taking on a new name was not a smart move either. I would read the article below and not do anything until the dust clears and then give it very very careful thought as to whether you really want to proceed. Their future may be strictly in their license agreements. I know I posted some stuff on this before and will search the archives for anything I previously posted. Andrew Update: Sorry, I checked using the search engine here and it only goes back 120 days. The search only brought up 3 posts, none of which were mine. Trikon to restructure debt, sees 1997 loss Reuters Story - April 03, 1998 06:37 NEW YORK, April 3 (Reuters) - Trikon Technologies Inc said late Thursday it intends to restructure and recapitalize its balance sheet and it expects to report a loss for 1997 of between $6.50 and $7.00 per share. Trikon also said in a news release it expects to realise earnings in the first quarter of 1998 as a result of $10 million in license revenues. The Newport, Wales-based company said it plans to exchange its outstanding $86.25 million convertible subordinated notes for preferred stock with a dividend rate of 8.125 percent payable semi-annually. The preferred stock would have a face amount and liquidation preference of $30 million, it said. Trikon said note holders would also receive new Trikon common shares representing about 54 percent of its outstanding common stock. The company also proposes to exchange share of its series G preferred stock for new Trikon common shares representing about 16 percent of its outstanding shares. Also, the company plans to issue chairman and chief executive officer Christopher Dobson new restricted stock representing a stake of about 12 percent, it said. After the recapitalization, Trikon plans to execute a two-for-three reverse stock split. For the fiscal year 1997, the company said it expects to report revenues of $85 million versus $42.2 million the year earlier. The company expects a loss of between $6.50 and $7.00 per share, compared with a loss in 1996 of $10.03 per share after a charge of $86 million. Trikon expects its first quarter 1998 revenues to reach about $18 million, including about $10 million in licensing revenues. That compares with $12 million in the same period in 1997, it said. As a result of the license revenues, the company said it expects to recognize earnings for the quarter. Absent the license income, it would report a substantial loss for the quarter, it said.