FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment
Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person*
PEQUOT CAPITAL MANAGEMENT, INC.
500 NYALA FARM ROAD
WESTPORT, CT 06880
2. Date of Event Requiring Statement
1/1/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name AND Ticker or Trading Symbol
TRIKON TECHNOLOGIES, INC.
TRKN
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) DIRECTOR ( )10% OWNER
( ) OFFICER (GIVE TITLE BELOW) (X) OTHER (SPECIFY BELOW)(1)
6. If Amendment, Date of Original
1/1/99
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
1. Title of Security
(Instr. 3)
COMMON STOCK, NO PAR VALUE
2. Amount of Securities Beneficially Owned
10,122,509 (1)
3. Ownership Form:(Direct (D) or Indirect (I)
I
4. Nature of Indirect Beneficial Ownership (Instr. 5)
INVESTMENT ADVISER
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Derivative Security (Instr. 4)
SERIES H CONVERTIBLE PREFERRED STOCK
2. Date Exercisable and Expiration Date
DATE EXERCISABLE (3)
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
COMMON STOCK, 205,519.7 (2)
4. Conversion or Exercise Price of Derivative Security
N/A
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(I)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
INVESTMENT ADVISER
Explanation of Responses:
(1) THE REPORTING PERSON IS AN INVESTMENT ADVISER REGISTERED UNDER SECTION
203 OF THE INVESTMENT ADVISERS ACT OF 1940 AND HAS VOTING POWER AND INVESTMENT
POWER WITH RESPECT TO SECURITIES IN CLIENTS' ACCOUNTS. AN EMPLOYEE OF THE
REPORTING PERSON IS A MEMBER OF THE BOARD OF DIRECTORS OF THE ISSUER. THE
REPORTING PERSON DISCLAIMS ANY OBLIGATION TO FILE THIS REPORT, AND THIS REPORT
SHALL NOT BE DEEMED AN ADMISSION THAT THE REPORTING PERSON IS SUBJECT TO
SECTION 16 WITH RESPECT EITHER TO THE ISSUER OR SUCH SECURITIES.
(2) THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SECURITIES,
AND THIS REPORT SHALL NOT
BE DEEMED AN ADMISSION THAT THE REPORTING PERSON IS THE BENEFICIAL
OWNER OF SUCH SECURITIES FOR
THE PURPOSES OF RULE 16A-1(A)(1) OR (A)(2) OR FOR ANY OTHER
PURPOSES.
(3) EACH SHARE OF SERIES H PREFERRED STOCK SHALL AUTOMATICALLY CONVERT INTO
SHARES OF COMMON STOCK IF
AND WHEN THE CLOSING PRICE OF THE COMMON STOCK ON A UNITED STATES NATIONAL
SECURITIES EXCHANGE OR ON AN ESTABLISHED AUTOMATED OVER-THE-COUNTER TRADING
MARKET IN THE UNITED STATES IS AT A PRICE IN EXCESS OF $7.00 FOR A PERIOD OF
30 CONSECUTIVE TRADING DAYS.
/s/ David J. Malat 3/18/99
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15. U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not
required to respond unless the form displays a currently valid OMB Number.
