SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-Q (Amendment No. 1)
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ended January 31, 1998 Commission file Number 0-10964
MAXWELL TECHNOLOGIES, INC.
Delaware IRS ID# 95-2390133
9275 Sky Park Court,
San Diego, California 92123
Telephone (619) 279-5100
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES [X] NO [ ]
As of February 28, 1998 Registrant had only one class of common
stock of which there were 7,992,478 shares outstanding.
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PART II - OTHER INFORMATION
Item 2. Changes in Securities.
______________________
(c) On January 28, 1998, the Company issued 154,030 shares of its
Common Stock in connection with an acquisition of all the
outstanding capital stock of a privately-held company. The form
of transaction was an exchange of common stock through a
statutory merger. No underwriters were used and the recipients
of the Registrant's common stock were the shareholders of the
acquired company. The shares issued were not registered under
the Securities Act of 1933, as amended, pursuant to the exemption
contained in Rule 505 of Regulation D of such Act.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MAXWELL TECHNOLOGIES, INC.
March 17, 1998 Gary J. Davidson
Date Gary Davidson, Chief Financial Officer
and Authorized Officer