content: <PAGE>
   
                        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
   
        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JANUARY 27, 1998
   
   
                        INTEGRATED PROCESS EQUIPMENT CORP.
  -------------------------------------------------------------------------------
              (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
   
  <TABLE> 
  <CAPTION> 
             DELAWARE                              0-20470                                  77-0296222
   ---------------------------------------------------------------------------------------------------------------
  <S>                                      <C>                                 <C>  
  (STATE OR OTHER JURISDICTION OF          (COMMISSION FILE NUMBER)            (I.R.S. EMPLOYER IDENTIFICATION NO.)
  INCORPORATION OR ORGANIZATION)
  </TABLE> 
  
                                  911 BERN COURT
                                SAN JOSE, CA  95112
  -------------------------------------------------------------------------------
           (ADDRESS, INCLUDING ZIP CODE, OF PRINCIPAL EXECUTIVE OFFICES)
   
        REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (408) 436-2170
   
                                  NOT APPLICABLE
  -------------------------------------------------------------------------------
           (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
  <PAGE>
   
  ITEM 5.   OTHER EVENTS
            ------------
  
       On January 27, 1998, the Company announced its results for the second
  fiscal quarter ended December 31, 1997.  The Company reported a 62% increase in
  revenue to $57,879,000 versus $35,662,000 last year.  The Company recorded net
  income from continuing operations of $4,951,000, or $0.26 per share on a diluted
  basis.  the company recorded a write-down, net of taxes, of $6,664,000 in the
  second quarter of fiscal 1998 for the unsold net assets of IPEC Clean.  The net
  loss for the quarter, including the write-off, was $1,774,000, or $0.10 per
  share on a diluted basis.  In the same prior-year quarter, IPEC reported net
  income of $1,335,000 or $0.09 per share on a diluted basis, before discontinued
  operations and a program discontinuance charge, on revenues of $35,662,000.  In
  that prior-year period, the loss from the operations and on the disposal of IPEC
  Clean, net of taxes, was $26,846,000, and the program discontinuance charge was
  $17,601,000, resulting in a total net loss of $36,952,000, or $2.48 per share on
  a diluted basis.
  
       For the six months ended December 31, 1997, IPEC recorded revenue of
  $109,153,000 versus $65,069,000, representing a 68% increase over the prior-year
  period.  The Company posted net income from continuing operations of $9,642,000,
  or $0.50 per share on a diluted basis. Including the write-off from IPEC Clean,
  net income for the period was $2,856,000, or $0.15 per share on a diluted basis.
  This compares to a net loss of $405,000, or $0.03 per share on a diluted basis,
  exclusive of discontinued operations and program discontinuance charges, for the
  six months ended December 31, 1996.  In that prior-year period, the total net
  loss, including the charges, was $40,410,000 or $2.72 per share on a diluted
  basis. 
  
       Due to the current financial crisis in Asia, particularly in Korea, the
  Company anticipates that revenue from IPEC Planar will be lower for the next
  two quarters compared to the prior two quarters, and that margins for the
  Company will be adversely affected until the Korean financial situation is
  relieved.
  
                                        -2-
  <PAGE>
   
       Pursuant to the requirements of the Securities Exchange Act of 1934,
  Integrated Process Equipment Corp. has duly caused this report to be signed on
  its behalf by the undersigned hereunto duly authorized.
  
                                Integrated Process Equipment Corp.
  
  
                                BY:  /S/ John S. Hodgson
                                    -------------------------------------------
                                    John S. Hodgson
                                    Vice President and Chief Financial Officer
  
  
  
  Date: February 4, 1998
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 4362}]
metadata_filer: {"company-data": {"conformed-name": "INTEGRATED PROCESS EQUIPMENT CORP", "cik": "0000882389", "assigned-sic": "3559", "irs-number": "770296222", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20470", "film-number": "98522019"}, "business-address": {"street1": "911 BERN COURT", "city": "SAN JOSE", "state": "CA", "zip": "95112", "phone": "4084362170"}}
text: 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
   
        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JANUARY 27, 1998
   
   
                        INTEGRATED PROCESS EQUIPMENT CORP.
  -------------------------------------------------------------------------------
              (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
  DELAWARE                              0-20470                                  77-0296222
   ---------------------------------------------------------------------------------------------------------------
  (STATE OR OTHER JURISDICTION OF          (COMMISSION FILE NUMBER)            (I.R.S. EMPLOYER IDENTIFICATION NO.)
  INCORPORATION OR ORGANIZATION)
  911 BERN COURT
                                SAN JOSE, CA  95112
  -------------------------------------------------------------------------------
           (ADDRESS, INCLUDING ZIP CODE, OF PRINCIPAL EXECUTIVE OFFICES)
   
        REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (408) 436-2170
   
                                  NOT APPLICABLE
  -------------------------------------------------------------------------------
           (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
  ITEM 5.   OTHER EVENTS
            ------------
  
       On January 27, 1998, the Company announced its results for the second
  fiscal quarter ended December 31, 1997.  The Company reported a 62% increase in
  revenue to $57,879,000 versus $35,662,000 last year.  The Company recorded net
  income from continuing operations of $4,951,000, or $0.26 per share on a diluted
  basis.  the company recorded a write-down, net of taxes, of $6,664,000 in the
  second quarter of fiscal 1998 for the unsold net assets of IPEC Clean.  The net
  loss for the quarter, including the write-off, was $1,774,000, or $0.10 per
  share on a diluted basis.  In the same prior-year quarter, IPEC reported net
  income of $1,335,000 or $0.09 per share on a diluted basis, before discontinued
  operations and a program discontinuance charge, on revenues of $35,662,000.  In
  that prior-year period, the loss from the operations and on the disposal of IPEC
  Clean, net of taxes, was $26,846,000, and the program discontinuance charge was
  $17,601,000, resulting in a total net loss of $36,952,000, or $2.48 per share on
  a diluted basis.
  
       For the six months ended December 31, 1997, IPEC recorded revenue of
  $109,153,000 versus $65,069,000, representing a 68% increase over the prior-year
  period.  The Company posted net income from continuing operations of $9,642,000,
  or $0.50 per share on a diluted basis. Including the write-off from IPEC Clean,
  net income for the period was $2,856,000, or $0.15 per share on a diluted basis.
  This compares to a net loss of $405,000, or $0.03 per share on a diluted basis,
  exclusive of discontinued operations and program discontinuance charges, for the
  six months ended December 31, 1996.  In that prior-year period, the total net
  loss, including the charges, was $40,410,000 or $2.72 per share on a diluted
  basis. 
  
       Due to the current financial crisis in Asia, particularly in Korea, the
  Company anticipates that revenue from IPEC Planar will be lower for the next
  two quarters compared to the prior two quarters, and that margins for the
  Company will be adversely affected until the Korean financial situation is
  relieved.
  
                                        -2-
  Pursuant to the requirements of the Securities Exchange Act of 1934,
  Integrated Process Equipment Corp. has duly caused this report to be signed on
  its behalf by the undersigned hereunto duly authorized.
  
                                Integrated Process Equipment Corp.
  
                                BY:  /S/ John S. Hodgson
                                    -------------------------------------------
                                    John S. Hodgson
                                    Vice President and Chief Financial Officer
  
  Date: February 4, 1998