Corporate Profile for Watkins-Johnson Company, dated Jan. 21, 1999.

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

Published Date:   Jan. 21, 1999

Company Name:     Watkins-Johnson Company

Address:          3333 Hillview Ave.
                  Palo Alto, CA 94304-1223

Main Telephone
 Number:          650/493-4141

Internet Home
 Page Address
 (URL):           www.wj.com

Chief Executive
 Officer:         W. Keith Kennedy

Chief Financial
 Officer:         Scott G. Buchanan

Investor Relations
 Contact:         Frank E. Emery
 Business number: 650/813-2752
 Home number:     650/961-7697

Public Relations
 Contact:         Frank E. Emery
 Business number: 650/813-2752
 Home number:     650/961-7697

Trading Symbol/
 Exchange:        WJ/NYSE

Industry:         Wireless Communications Equipment and Semiconductor
                  Equipment

-0-

Company description: Watkins-Johnson Company, headquartered in Palo Alto, specializes in two high-technology business areas. WJ's wireless-communications units produce radio-frequency components, subassemblies and equipment for fixed and mobile networks worldwide. The company's Semiconductor Equipment Group produces atmospheric-pressure dielectric chemical-vapor-deposition systems for high-volume integrated-circuit manufacturing. Sales in 1997 exceeded $291 million. -0-

                    1997                1998

Sales               $291 million
Dividends/share     48 cents            48 cents
Stock price (high)  37 5/8              29 1/2
Stock price (low)   21 1/2              16 3/8