The two variables refer to different objects
It is possible to have two (or more) reference variables refer to the same object. Here is a modification to the program that does that:
import java.awt.*;
class EqualsDemo3
{
  public static void main ( String arg[] )
  {
    Point pointA = new Point( 7, 99 );     // pointA refers to a Point Object
    Point pointB = pointA;                 // pointB refers to the same Object 
    if ( pointA == pointB  )
      System.out.println( "The two variables refer to the same object" );     
    else
      System.out.println( "The two variables refer to different objects" );     
  }
}
 
Only one object has been created (because there is only one new operator.)
The second statement:
Point pointB = pointA;
copies the reference that is in 
pointA into the reference variable pointB.
Now both reference variables lead to the same object.
alias: When two or more reference variables refer to the same object, each variable is said to be an alias.
What is the output of the program?