1999 Third Quarter Results Reported by Amphenol Corporation.

WALLINGFORD, Conn.--(BUSINESS WIRE)--Oct. 14, 1999--

Amphenol Corporation (NYSE-APH) reported today that third quarter 1999 net income per share assuming dilution increased 39% to a record $.64 per share compared to $.46 per share for the 1998 period. Sales for the third quarter 1999 increased 12% to $256,857,000 compared to $229,018,000 for the 1998 period. Currency translation had the effect of decreasing sales by approximately $1.6 million in the third quarter 1999 when compared to the 1998 period. For the nine months ended September 30, 1999, net income per share assuming dilution was $1.67 per share compared to $1.58 per share for the 1998 period. Sales for the nine months ended September 30, 1999 were $741,459,000 compared to $685,501,000 for the 1998 period. Currency translation had the effect of decreasing sales by approximately $1.5 million for the nine month 1999 period when compared to the 1998 period. The foregoing earnings per share amounts include the non-cash amortization of goodwill. Fully diluted earnings per share excluding the non-cash amortization of goodwill for the third quarter 1999 was $.81 per share compared to $.63 per share for the 1998 period; fully diluted earnings per share excluding the non-cash amortization of goodwill for the nine months ended September 30, 1999 was $2.18 per share compared to $2.06 per share for the 1998 period.

Amphenol Chairman and CEO, Martin H. Loeffler, stated "The third quarter was an excellent quarter. Our emphasis on developing products and systems for wireless and broadband communication applications continued to drive growth and profitability. Our strong global presence and reduced time to market for new, cost effective interconnect solutions has increased our position with the leading manufacturers of wireless infrastructure equipment, data network products and mobile handsets. We also experienced strong growth for our coaxial cable products used in the upgrade of broadband networks for new digital services including fast internet access. The new digital information age is creating significant opportunities through the rapid pace of technological change. We are also encouraged by the continuing sequential improvement in our aerospace and industrial businesses and the improved profitability as a result of cost reduction programs implemented last year and early this year. These positive trends give us confidence that with a reasonable economic environment we will experience continued improvement for the balance of the year and that we are well positioned as we enter the new millennium."

Amphenol Corporation manufactures connectors, cable and interconnect systems for electronics, cable television, telecommunications, aerospace, transportation and industrial applications. The Company's products are engineered and produced in the Americas, Europe and the Far East and sold by a worldwide sales and marketing organization. -0-

                         AMPHENOL CORPORATION
                           FINANCIAL SUMMARY
                              (Unaudited)

                    Three Months Ended          Nine Months Ended
                       September 30,               September 30,
                    1999          1998          1999          1998
                    ----          ----          ----          ----

Sales           $256,857,000  $229,018,000  $741,459,000  $685,501,000

Net income        11,586,000     8,212,000    30,288,000    28,240,000
Net income
 per share              $.65          $.46         $1.70         $1.60

Average shares
 outstanding      17,864,646    17,716,592    17,863,510    17,596,608

Net income per share
 - assuming dilution    $.64          $.46         $1.67         $1.58

Average shares
 outstanding
  - assuming
     dilution     18,196,036    17,917,861    18,107,502    17,927,434