Burr-Brown Corp. Reports First Quarter 1999 Results; Burr-Brown Reports Stronger Demand.

TUCSON, Ariz.--(BUSINESS WIRE)--April 19, 1999--

Burr-Brown Corp. (Nasdaq:BBRC) Monday announced sales of $61 million and net income of $7.5 million or $0.20 per diluted share for the first quarter ended April 3, 1999.

In commenting on the company's financial performance, Syrus P. Madavi, president and chief executive officer, stated, "First quarter revenue and earnings were according to our expectations. Bookings increased sequentially by about 20% during the quarter, further confirming that business conditions are improving. This resulted in our highest bookings level since the June quarter of last year.

"The communications sector was particularly strong. Inventories at our distributors in all regions declined substantially during the quarter. Based on what we are seeing, we expect solid sequential revenue and earnings growth in the upcoming June quarter."

Forward-looking statements included in this news release are subject to risks and uncertainties. Among these are economic and industry conditions in general, demand for the company's products, its ability to develop new products and manufacture all products according to demand as well as the actions of its competitors.

For a more complete discussion of the risks and uncertainties to which the company's performance is subject, please refer to its public filings with the Securities and Exchange Commission.

Burr-Brown Corp. is a worldwide leader in the development, manufacturing and marketing of electronic components including precision linear, data conversion and mixed signal integrated circuits.

These products address applications for both analog and digital signal processing relating to communications, industrial and process control, test and measurement, medical instrumentation, digital audio, multimedia and personal computer systems.

For additional information, please contact J. Scott Blouin, chief financial officer, at Burr-Brown Corp., 6730 S. Tucson Blvd, Tucson, AZ 85734, 520/746-7365 or visit our web site at http://www.burr-brown.com/. -0-

                   Burr-Brown Corp. and Subsidiaries
                  Consolidated Summary of Operations
                (in thousands except per share amounts)

                                     Three Months Ended:
                                April 3,    Dec. 31,   April 4,
                                  1999        1998       1998

Net Revenue                      $61,007     $61,727    $68,685
Gross margin                      30,779      31,026     35,598
    % of revenue                    50.5%       50.3%      51.8%

Research & development            10,063      10,196      9,810
Sales, marketing,
 general & administrative         11,091      11,394     12,131
Total operating expenses          21,154      21,590     21,941
    % of revenue                    34.7%       35.0%      31.9%
Income from operations             9,625       9,436     13,657
    % of revenue                    15.8%       15.3%      19.9%

Other (income) expense              (600)     (1,089)      (866)
Income before income taxes        10,225      10,525     14,523
Provision for income taxes         2,761       1,788      4,357
Net income                        $7,464      $8,737    $10,166
    % of revenue                    12.2%       14.2%      14.8%

Basic shares outstanding
 for EPS                          36,692      36,816     36,448
Basic EPS                          $0.20       $0.24      $0.28

Diluted shares outstanding
 for EPS                          38,248      38,199     38,359
EPS assuming dilution              $0.20       $0.23      $0.27



                   Burr-Brown Corp. and Subsidiaries
                 Consolidated Condensed Balance Sheets
                            (in thousands)

                                April 3,    Dec. 31,   April 4,
                                  1999        1998       1998
Cash, equivalents
 & investments                  $121,042    $120,256   $104,620
Trade receivables                 54,809      54,677     59,042
Inventories                       50,910      52,296     46,496
Land, buildings and
 equipment, net                   91,847      92,164     79,701
Other                             19,979      19,298     23,302
    Total assets                $338,587    $338,691   $313,161

Total current liabilities        $55,418     $58,055    $60,761
Total non-current
 liabilities                       6,914       7,123      5,720
Stockholders' equity             276,255     273,513    246,680
    Total liabilities
     and equity                 $338,587    $338,691   $313,161