Burr-Brown Corporation Reports Third Quarter 1999 Results.

TUCSON, Ariz.--(BUSINESS WIRE)--Oct. 18, 1999--

Burr-Brown posts record sales and earnings

Burr-Brown Corporation (NASDAQ: BBRC) today announced record sales of $78 million for the third quarter ended October 2, 1999. Third quarter revenue increased by 27.6% from the same quarter a year ago and was 14.4% higher than the second quarter of 1999.

Net income for the quarter was a record $12.8 million or $0.33 per diluted share. This represents a 70.2% increase in net income as compared to the third quarter of 1998 and a 24.2% sequential increase.

In commenting on the Company's quarterly performance, Syrus P. Madavi, Chairman and CEO, stated, "We're very pleased with our third quarter results. We set Company records for both revenue and earnings by a wide margin and showed significant improvement over both last year and last quarter. Demand for our products remained strong across all product lines and all regions throughout the quarter, resulting in a sequential increase in orders and a book-to-bill ratio well above unity. Demand was especially strong in the communications and digital audio markets."

Regarding the Company's business outlook, Mr. Madavi noted that, "We fully expect to achieve sequential gains in both revenue and earnings in the upcoming fourth quarter, resulting in another record year of financial performance."

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 Corporation 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, CFO at Burr-Brown Corporation, 6730 S. Tucson Blvd, Tucson, Arizona 85734, [phone] or visit our web site at http://www.burr-brown.com/. -0-

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

                  Three Months Ended:           Nine Months Ended:
                Oct. 2,           Oct. 3,    Oct. 2,         Oct. 3,
                 1999              1998       1999            1998
Net Revenue    $78,037           $61,164    $207,254        $196,367
Gross margin    41,357            31,503     107,702         101,622
  % of revenue    53.0%             51.5%       52.0%           51.8%

Research &
 development    12,598             9,917      33,087          29,697
Sales,
 marketing,
 general &
 administrative 11,951            12,234      34,713          36,708
Total operating
 expenses       24,549            22,151      67,800          66,405
  % of revenue    31.5%             36.2%       32.7%           33.8%
Income from
 operations     16,808             9,352      39,902          35,217
  % of revenue    21.5%             15.3%       19.3%           17.9%

Other (income)
 expense          (723)           (1,166)     (1,970)         (2,713)
Income before
 income taxes   17,531            10,518      41,872          37,930
Provision for
 income taxes    4,735             2,998      11,307          10,810
Net income     $12,796            $7,520     $30,565         $27,120
  % of revenue    16.4%             12.3%       14.7%           13.8%
Basic shares
 outstanding
 for EPS        36,926            36,757      36,797          36,622
Basic EPS        $0.35             $0.20       $0.83           $0.74
Diluted shares
 outstanding
 for EPS        39,257            38,034      38,839          38,327
EPS assuming
 dilution        $0.33             $0.20       $0.79           $0.71


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

                                   Oct. 2,   Dec. 31,    Oct. 3,
                                    1999       1998       1998
Cash, equivalents & investments   $143,584   $120,256   $116,331
Trade receivables                   68,074     54,677     56,588
Inventories                         52,277     52,296     47,418
Land, buildings and equipment, net  93,503     92,164     86,761
Other                               18,877     19,298     23,963
  Total assets                    $376,315   $338,691   $331,061

Total current liabilities          $62,180    $58,055    $59,477
Total non-current liabilities        8,681      7,123      5,567
Stockholders' equity               305,454    273,513    266,017
  Total liabilities and equity    $376,315   $338,691   $331,061