U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FILED PURSUANT TO SECTION 156(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
( ) CHECK BOX IF NO LONGER SUBJECT TO SECTION 16, FORM 4 OR FORM 5
OBLIGATIONS MAY CONTINUE. SEE INSTRUCTION 1(B).
FORM 3 HOLDINGS REPORTED.
FORM 4 TRANSACTIONS REPORTED.
1. NAME AND ADDRESS OF REPORTING PERSON*
PEQUOT CAPITAL MANAGEMENT, INC.
500 NYALA FARM ROAD
WESTPORT, CT 06880
2. ISSUER NAME AND TICKER OR TRADING SYMBOL
TRIKON TECHNOLOGIES, INC.
TRKN
3. I.R.S. IDENTIFICATION NUMBER OF REPORTING PERSON, IF AN ENTITY (VOLUNTARY)
4. STATEMENT FOR MONTH/YEAR
7/98
5. IF AMENDMENT, DATE OF ORIGINAL (MONTH/YEAR)
NOT APPLICABLE.
6. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK ALL APPLICABLE)
( ) DIRECTOR ( )10% OWNER
( ) OFFICER (GIVE TITLE BELOW) (X ) OTHER (SPECIFY BELOW)(1)
7. INDIVIDUAL OR JOINT/GROUP FILING (CHECK APPLICABLE LINE)
(X) FORM FILED BY ONE REPORTING PERSON
( ) FORM FILED BY MORE THAN ONE REPORTING PERSON
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TABLE I
NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. TITLE OF SECURITIES: COMMON STOCK, NO PAR VALUE
2. TRANSACTION DATE (MONTH/DAY/YEAR): 7/28/98
3. TRANSACTION CODE (INSTR. 8): M
4. SECURITIES ACQUIRED (A) OR DISPOSED OF (D) (INSTR. 3, 4 AND 5): 5,425,751(A)
5. AMOUNT OF SECURITIES BENEFICIALLY OWNED AT END OF ISSUER'S FISCAL YEAR (INSTR. 3 AND 4): 10,122,509
6. OWNERSHIP FORM: DIRECT (D) OR INDIRECT (I) (INSTR. 4): (I)
7. NATURE OF INDIRECT BENEFICIAL OWNERSHIP (INSTR. 4): INVESTMENT ADVISER (1)
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TABLE II
DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. TITLE OF DERIVATIVE SECURITY (INSTR. 3): SERIES I JUNIOR PREFERRED STOCK
2. CONVERSION OR EXERCISE PRICE OF DERIVATIVE SECURITY: 0
3. TRANSACTION DATE (MONTH/DAY/YEAR): 7/28/98
4. TRANSACTION CODE (INSTR. 8): M
5. NUMBER OF DERIVATIVE SECURITIES ACQUIRED (A) OR DISPOSED OF (D): 5,425.751 (D)
6. DATE EXERCISABLE AND EXPIRATION DATE (MONTH/DAY/YEAR): NOT APPLICABLE
7. TITLE AND AMOUNT OF UNDERLYING SECURITIES: COMMON STOCK, 5,425,751
8. PRICE OF DERIVATIVE SECURITY (INSTR. 5): NOT APPLICABLE
9. NUMBER OF DERIVATIVE SECURITIES BENEFICIALLY OWNED AT END OF YEAR : 0
10. OWNERSHIP OF DERIVATIVE SECURITY: (I)
11. NATURE OF INDIRECT BENEFICIAL OWNERSHIP: INVESTMENT ADVISER (1)
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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.
/S/ DAVID J. MALAT 2/16/99
**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).
