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ALDEN ELECTRONICS ANNOUNCES EARNINGS

 WESTBOROUGH, Mass., May 19 /PRNewswire/ -- The annual meeting of the stockholders of Alden Electronics, Inc. (NASDAQ: ADNEA) was held May 19, 1993 at the company headquarters in Westborough, Mass. The company announced revenues of $15,396,877 and a net loss of $374,296 for the fiscal year ended March 27, 1993 compared to revenues of $18,781,238 and net earnings of $205,980 for the fiscal year ended March 28, 1992.
 The decrease in revenues and net income reflects decreased shipments of SATFIND-406(tm) Emergency Position Indicating Radio Beacons ("EPIRB") and facsimile recording papers.
 Alden Electronics, Inc. has undertaken a comprehensive review of its business operations, management and corporate strategies, which includes consideration of a divestiture of all or part of its operations. The company has retained The Bigelow Company of Boston to serve as its corporate and investment advisor in connection with this review and a possible divestiture of the company.
 Alden Electronics
 Results of Operations
 3/27/93 3/28/92
 Revenues $15,396,877 $18,781,238
 Earnings (loss) before tax (607,296) 274,980
 Net earnings (loss) (374,296) 205,980
 Earnings (loss) per share (17 cents) 10 cents
 Dividends per share 5 cents 8 cents
 Condensed Balance Sheet
 3/27/93 3/28/92
 Current assets $9,617,583 $9,253,385
 Property, plant & equipment,
 net 4,444,615 5,312,231
 Intangible assets-net 156,883 228,251
 Total assets $14,219,081 $14,793,867
 Current liabilities $2,196,208 $1,575,806
 Long term debt --- 583,350
 Deferred income taxes 205,000 271,000
 Stockholders' equity 11,817,873 12,363,711
 Total liabilities and
 stockholders' equity $14,219,081 $14,793,867
 -0- 5/19/93
 /CONTACT: S. Charles Sviokla of Alden Electronics, 508-366-8851/
 (ADNEA)


CO: Alden Electronics ST: Massachusetts IN: CPR SU: ERN

JK -- NE019 -- 0415 05/19/93 15:46 EDT
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Publication:PR Newswire
Date:May 19, 1993
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