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ADVANCED LOGIC RESEARCH INC. ANNOUNCES FIRST FISCAL QUARTER RESULTS

ADVANCED LOGIC RESEARCH INC. ANNOUNCES FIRST FISCAL QUARTER RESULTS
 IRVINE, Calif., Jan. 27 /PRNewswire/ -- Advanced Logic Research Inc. (NASDAQ: AALR) today announced revenue for its first quarter of fiscal 1992, ended Dec. 31, 1991, of $49.4 million, and net income of $462,000 ($.04 per share). In the similar period a year ago revenue was $49.8 million and net income was $3.1 million ($.31 per share). The company attributed the flat revenue and decreased earnings primarily to its aggressive pricing strategy, which resulted in lower average selling prices on increased unit volume.
 "ALR's strategy is to be an industry leader in both technology and value across our entire product line," said Gene Lu, chairman, president and chief executive officer. "In the last quarter that meant aggressively bringing down prices on strategically key products. For example, we broke the $2,000 price barrier on our EISA-based i486 33-MHz BusinessVEISA PC and customers responded enthusiastically with a surge of demand. The resulting lower average selling prices depressed gross margins, but enabled us to strengthen our competitive position."
 The company is continuing to focus on expense controls in all operational areas to adapt to the company's current revenue and margin levels as dictated by the microcomputer industry's environment.
 "In the current quarter," Lu said, "we are keeping the pressure on our competitors by being the first to ship a system based on Intel's new i386SX 25-MHz CPU -- ALR's PowerFlex FLYER -- which is priced at under $1,000."
 In the first quarter of fiscal 1992, sales of i486-based machines surged to 37 percent of revenue, compared to 16 percent in the year- ago quarter. Sales of EISA-based systems represented 61 percent of revenue in the most recent quarter, compared to 48 percent a year ago.
 During the quarter, the company's liquidity and capital resources position continued to improve. Cash increased to $33.9 million at Dec. 31, 1991, compared to $23.4 million at Sept. 30, 1991. The company also finalized a $20 million revolving credit facility with the Hongkong and Shanghai Banking Corp. Ltd. and Sanwa Bank California.
 ALR's comprehensive portfolio of products includes entry-level PCs, high-performance workstations and sophisticated, multi-processor network servers and supports the major operating systems and networking protocols. Utilizing a unique, modular approach to performance upgrading, ALR has become known as an industry leader in CPU technology. The company markets its products through a worldwide network of distributors, resellers and major retail organizations.
 ADVANCED LOGIC RESEARCH INC.
 Consolidated Condensed Balance Sheets
 (In thousands)
 (Unaudited)
 Dec. 31, Sept. 30,
 1991 1991
 Assets:
 Cash $33,867 $23,377
 Accounts receivable, net 34,669 48,102
 Inventory, net 45,657 48,831
 Other 9,472 9,720
 Total current assets 123,665 130,030
 Property and equipment, net 5,843 5,682
 Other assets 422 483
 Total assets $129,930 $136,195
 Liabilities and stockholders'
 equity:
 Current liabilities $31,545 $38,791
 Long-term debt 9,000 9,000
 Deferred taxes 2,522 2,493
 Total liabilities 43,067 50,284
 Common stock and additional
 paid-in capital 52,985 52,948
 Retained earnings 33,878 32,963
 Total stockholders' equity 86,863 85,911
 Total liabilities and stockholders'
 equity $129,930 $136,195
 ADVANCED LOGIC RESEARCH INC.
 Consolidated Statements of Income
 (In thousands, except per share data)
 (Unaudited)
 Three Months Ended
 Dec. 31,
 1991 1990
 Net sales $49,354 $49,833
 Cost of sales 38,705 35,633
 Gross profit 10,649 14,200
 Operating expenses:
 Selling, general and
 administrative 7,784 6,460
 Engineering, research
 and development 1,352 904
 Royalty expense,
 net 842 1,196
 Total operating
 expenses 9,978 8,560
 Operating income 671 5,640
 Interest (income)
 expense, net (75) (134)
 Income before minority
 interest and income
 taxes 746 5,774
 Minority interest 0 324
 Income before income
 taxes 746 5,450
 Income taxes 284 2,360
 Net income $462 $3,090
 Net income per common
 and common
 equivalent share $0.04 $0.31
 Common and common
 equivalent shares
 used in per share
 calculation 11,463 10,011
 -0- 1/27/92
 /CONTACT: James T. Richardson, VP, CFO, 714-581-6770, or Randi Baker, investor relations, 714-581-6770, ext. 458, of Advanced Logic Research/
 (AALR) CO: Advanced Logic Research Inc. ST: California IN: CPR SU: ERN


AL-EH -- LA031 -- 3928 01/27/92 16:57 EST
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