8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

July 21, 2003

Date of Report (Date of Earliest Event Reported)

HELIX TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-6866	04-2423640
(Commission File Number)	(I.R.S. Employer Identification No.)
Mansfield Corporate Center
Nine Hampshire Street
Mansfield, Massachusetts	02048-9171
(Address of Principal Executive Offices)	(Zip Code)

(508) 337-5500
(Registrant's Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

HELIX TECHNOLOGY CORPORATION

Item 7.  Financial Statements and Exhibits.

c.  Exhibits:

The exhibit listed below is being furnished with this Form 8-K.

Exhibit
Number	Description of Exhibit
99.1	Second Quarter 2003 Earnings Release dated July 21, 2003

Item 9.  Regulation FD Disclosure

On July 21, 2003, Helix Technology Corporation (the "Company") announced via press release the Company's results for its second quarter ended June 27, 2003. A copy of the Company's press release is attached hereto as Exhibit 99.1. This Form 8-K and the attached exhibit are provided under Item 12 of Form 8-K and are furnished to, but not filed with, the Securities and Exchange Commission.

SIGNATURES

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 hereunto duly authorized.

Date:  July 21, 2003	By:  /s/ Jay Zager______________
	Jay Zager
	Senior Vice President and
	Chief Financial Officer

HELIX TECHNOLOGY CORPORATION

EXHIBIT INDEX

Exhibit
Number	Description of Exhibit
99.1	Second Quarter 2003 Earnings Release dated July 21, 2003

EX-99.1

NEWS RELEASE

Contact:  Beverly L. Armell
(508) 337-5111

HELIX REPORTS SECOND QUARTER RESULTS

MANSFIELD, MASSACHUSETTS, July 21, 2003... Helix Technology Corporation (Nasdaq: HELX) today announced results for the second quarter ended June 27, 2003. Net loss for the quarter was $1.4 million, or $(0.05) per diluted share, compared with a net loss of $3.8 million, or $(0.15) per diluted share, for the second quarter of 2002. Sales for the second quarter of 2003 were $24.6 million, compared with $29.0 million a year ago.

Net loss for the six months ended June 27, 2003, was $2.8 million or $(0.11) per diluted share, compared with net loss of $8.3 million, or $(0.34) per diluted share, for 2002. Sales for the six-month period were $48.2 million in 2003 versus $49.4 million in 2002.

Commenting on the second quarter, Helix President and Chief Executive Officer, Robert J. Lepofsky, said, "The financial results for the quarter are generally within our expected range of performance. The continued depressed global semiconductor capital equipment market has limited our pace of improvement during the first six months of this year. There is, however, a growing sense that conditions are improving within our industry. As reflected in statements from both customers and market analysts, wafer fabrication facility utilization is increasing, commitments to 300mm production capacity are expanding and expectations for integrated circuit demand are improving. We expect that these trends will translate into improving revenues for both our mission-critical product platforms and our productivity-enhancing service offerings in the quarters ahead. During the quarter, our latest generation On-Board^®IS vacuum solutions, advanced Granville-Phillips instrumentation products, and our comp rehensive TrueBlue^sm customer support programs continued to gain traction with both new and existing customers. These offerings are extending our strong market position and enhancing our deep partnerships with OEM and end-user accounts throughout the world."

Helix Technology Corporation is a global leader in the development and application of innovative solutions in the field of vacuum technology. Our CTI-Cryogenics and Granville-Phillips product offerings provide a broad range of components and subsystems that are key to the manufacture of semiconductors, flat panel displays and data storage devices. In addition, our highly regarded Global Support activity provides critical ongoing operational support services to semiconductor device producers throughout the world.

To the extent that this press release contains forward-looking statements, including statements regarding the Company's future performance, such statements are based on current expectations and are subject to risks, uncertainties and changes in condition, including, among others, market acceptance of and demand for the Company's products, the success of the Company's strategic initiatives, including its global support operations, the health of the global semiconductor capital equipment market and the timing and scope of any change in the current depressed industry conditions, the Company's success in sustaining order bookings, and other risks indicated in the Company's filings with the Securities and Exchange Commission. Accordingly, actual results could differ materially from those indicated. The Company assumes no obligation to update the information in this press release.

Continued on Page 2

Page 2

HELIX REPORTS SECOND QUARTER RESULTS

CONSOLIDATED STATEMENT OF OPERATIONS
	Second Quarter						Six Months
	(unaudited)						(unaudited)
(in thousands except per share amounts)	2003			2002				2003			2002
Net Sales	$	24,555		$	29,015		$	48,178		$	49,395
Costs and expenses:
Cost of sales		17,027			19,653			32,833			35,194
Research and development		2,547			3,968			5,230			7,484
Selling, general, and administrative		7,597			11,314			15,365			19,373
		27,171			34,935			53,428			62,051
Operating loss		(2,616	)		(5,920	)		(5,250	)		(12,656	)
Joint venture income		309			14			599			59
Interest and other income		214			296			467			365
Loss before taxes		(2,093	)		(5,610	)		(4,184	)		(12,232	)
Income tax benefit		(680	)		(1,823	)		(1,359	)		(3,975	)
Net loss	$	(1,413	)	$	(3,787	)	$	(2,825	)	$	(8,257	)
Net loss per common share:
Basic	$	(0.05	)	$	(0.15	)	$	(0.11	)	$	(0.34	)
Diluted	$	(0.05	)	$	(0.15	)	$	(0.11	)	$	(0.34	)
Number of shares used in per share calculation:
Basic		26,099			26,097			26,099			24,599
Diluted		26,099			26,097			26,099			24,599

SUMMARY BALANCE SHEETS
		(unaudited)	(audited)
(in thousands)		06/27/03	12/31/02
Assets
Cash, cash equivalents, and investments	$	67,906	$	63,319
Accounts receivable		16,945		15,036
Inventories		22,597		23,946
Other current assets		9,955		20,787
Fixed and other assets		35,156		36,383
Total Assets	$	152,559	$	159,471
Liabilities and Stockholders' Equity
Current liabilities	$	24,219	$	27,229
Stockholders' equity		128,340		132,242
Total Liabilities and Stockholders' Equity	$	152,559	$	159,471

The Company's quarterly report on Form 10-Q
is available to any stockholder upon request.