FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
WASHINGTON, D.C. 20549 OMB NUMBER 3235-0104
EXPIRES: SEPTEMBER 30, 1998
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES ESTIMATED
AVERAGE BURDEN
(Print or Type Responses) HOURS PER RESPONSE 0.5
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
1. Name and Address of Reporting Person* 2. Date of Event Re-quiring
Statement (Month/Day/Year) 4. Issuer Name AND Ticker or Trading Symbol
TRIKON TECHNOLOGIES, INC.
PEQUOT CAPITAL MANAGEMENT, INC.5 TRKN
(Last) (First) (Middle) 1/1/99 5. Relationship of Reporting
Person(s) to Issuer 6. If Amendment, Date of Original (Month/Day/Year)
(Check all applicable)
3. IRS or Social Se-curity Number of Director 10% Owner
500 NYALA FARM ROAD Officer (give X Other (specify
6/10/98
(Street) Reporting Person (Voluntary) title below) below)1 7.
Individual or Joint/Group Filing (Check Applicable Lines)
X_ Form Filed by One Reporting Person
WESTPORT, CT
06880 ___ Form Filed by More than One Reporting Person
(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY
OWNED
1. Title of Security 2. Amount of Securities Beneficially Owned 3.
Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of
Indirect Beneficial Ownership (Instr. 5)
(Instr. 4) (Instr. 4)
COMMON STOCK - NO PAR VALUE 4,696,758 (1) I
INVESTMENT ADVISER
FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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 Page 2
required to respond unless the form displays a currently valid OMB Number.
SEC 1473 (7-96)
1. Title of Derivative Security 2. Date Exercisable and Expiration Date
(Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative
Security 4. Conver-sion or Exercise Price of Deri-vative 5.
Owner-ship Form of Deri-vative Security: 6. Nature of Indirect Beneficial
Ownership
(Instr. 4) (Instr. 4) (Instr. 5)
Date Exer-cisable Expiration Date Title Amount or Number of
Security Direct (D) or Indirect (I) (Instr. 5)
Shares
SERIES "I" CONVERTIBLE PREFERRED STOCK (3) 5,425,751 N/A
(I) 1
COMMON STOCK (2)
SERIES "H" CONVERTIBLE PREFERRED STOCK (4) COMMON STOCK
198,747.2 N/A (I) 1
(2)
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) THE COMPANY INTENDS TO CALL A SPECIAL MEETING OF ITS SHAREHOLDERS
SHORTLY FOR THE PURPOSE OF APPROVING AN AMENDMENT TO THE RESTATED ARTICLES OF
THE COMPANY TO PROVIDE FOR AN INCREASE IN THE NUMBER OF AUTHORIZED
SHARES OF COMMON STOCK OF THE COMPANY. ONCE SUCH AMENDMENT IS
APPROVED, THE SERIES "I" CONVERTIBLE PREFERRED STOCK WILL AUTOMATICALLY
CONVERT.
(4) 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.
(5) THIS FILING IS BEING MADE TO REFLECT THE CHANGE IN THE NAME AND ADDRESS
OF THE REPORTING PERSON. THE PREVIOUS REPORTING PERSON WAS DAWSON-SAMBERG
CAPITAL MANAGEMENT, INC. ("DSCM"). AS OF JANUARY 1, 1999, DSCM RESTRUCTURED
AND PEQUOT CAPITAL MANAGEMENT, INC., THE REPORTING PERSON IDENTIFIED ABOVE,
WAS SPUN OFF. THE SECURITIES REPORTED HEREON ARE HELD BY INVESTMENT ADVISORY
CLIENTS OF PEQUOT CAPITAL.
By: /s/ David J. Malat 2/9/99
**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).
