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DALLAS SEMICONDUCTOR CORPORATION REPORTS RECORD REVENUES, AND NET INCOME FOR THE THIRD QUARTER 1992

DALLAS SEMICONDUCTOR CORPORATION REPORTS RECORD REVENUES, AND NET
 INCOME FOR THE THIRD QUARTER 1992
 DALLAS, Oct. 8 /PRNewswire/ -- Dallas Semiconductor Corporation (NYSE: DS) today reported a record $31,514,000 net sales for the third quarter of 1992, up 26 percent compared to $24,955,000 net sales for the third quarter of 1991. Net income for the third quarter of 1992, also a record, was $4,966,000 ($0.19 per share), up 39 percent from $3,571,000 ($0.14 per share) for the third quarter of 1991.
 "The company's dedication to new product development and its program of adding features to existing base products to achieve wider product applications are responsible for much of Dallas Semiconductor's growth," Mr. C.V. Prothro, the company's president and chief executive officer, said.
 "For the first time in history, over 50 percent of our revenue came from products other than Timekeeping and NVRAMs even though sales of these products continued to grow. Mature products are finding new applications and are kept competitive with expanded functionality. We are also seeing some of our newest products showing signs of significant future revenue contribution," Mr. Prothro said.
 "While we believe that some of our growth, particularly during what is typically a slow summer period, is resulting from the resurgence in the personal computer market plus our distribution customers adding product not purchased earlier because of extremely conservative buying patterns, there is little question that we are experiencing solid growth," Mr. Prothro concluded.
 Dallas Semiconductor Corporation develops, manufactures and markets high performance Complementary Metal Oxide Semiconductor (CMOS) integrated circuits and semiconductor-based systems that provide innovative and cost-effective solutions to electronic design problems in a wide range of existing and emerging markets.
 DALLAS SEMICONDUCTOR CORPORATION
 Financial Highlights
 (thousands except per share amounts, unaudited)
 Fiscal quarter ended
 Sept. 27, 1992 June 28, 1992 Sept. 29, 1991
 Net sales $31,514 $30,029 $24,955
 Operating income $ 7,097 $ 6,672 $ 4,751
 Net income $ 4,966 $ 4,656 $ 3,571
 Net income per share $0.19 $0.18 $0.14
 Weighted average
 common and common
 equivalent shares
 outstanding 26,129 25,812 25,653
 Nine months ended
 Sept. 27, 1992 Sept. 29, 1991
 Net sales $86,837 $80,973
 Operating income $18,804 $15,840
 Net income $13,245 $11,715
 Net income per share $0.51 $0.46
 Weighted average common
 and common equivalent
 shares outstanding 25,919 25,684
 DALLAS SEMICONDUCTOR CORPORATION
 Consolidated Statements of Income
 (thousands except per share amounts, unaudited)
 Fiscal quarter ended
 Sept. 27, June 28, Sept. 29,
 1992 1992 1991
 Net sales $31,514 $30,029 $24,955
 Cost of sales 15,464 14,811 12,492
 Selling, general and
 administrative 4,627 4,397 3,880
 Research and development 4,326 4,149 3,832
 Total costs and expenses 24,417 23,357 20,204
 Operating income 7,097 6,672 4,751
 Interest income, net 662 603 659
 Income before income taxes 7,759 7,275 5,410
 Provision for income taxes 2,793 2,619 1,839
 Net income $ 4,966 $ 4,656 $ 3,571
 Net income per share $ 0.19 $ 0.18 $ 0.14
 Weighted average common and
 common equivalent shares
 outstanding 26,129 25,812 25,653
 Nine months ended
 Sept. 27, Sept. 29,
 1992 1991
 Net sales $86,837 $80,973
 Cost of sales 42,971 40,275
 Selling, general and
 administrative 12,946 12,884
 Research and development 12,116 11,974
 Total costs and expenses 68,033 65,133
 Operating income 18,804 15,840
 Interest income, net 1,891 1,910
 Income before income taxes 20,695 17,750
 Provision for income taxes 7,450 6,035
 Net income $13,245 $11,715
 Net income per share $ 0.51 $ 0.46
 Weighted average common and
 common equivalent shares
 outstanding 25,919 25,684
 DALLAS SEMICONDUCTOR CORPORATION
 Consolidated Balance Sheets
 (Thousands)
 Sept. 27, 1992 Dec. 29, 1991
 (unaudited)
 Assets
 Current Assets:
 Cash and investments $ 22,201 $ 45,797
 Accounts receivable 18,419 10,835
 Inventories 20,330 21,324
 Other current assets ? 2,279 2,418
 Total current assets 63,229 80,374
 Property, plant and
 equipment, net 39,568 39,579
 Long-term investments 40,521 7,234
 Other assets 2,035 1,983
 Total $ 145,353 $ 129,170
 Liabilities and Stockholders' Equity
 Current liabilities:
 Accounts payable $ 7,073 $ 3,834
 Current maturities of
 long-term debt and
 capitalized lease
 obligations 1,265 1,704
 Accrued salaries and
 benefits 4,229 2,221
 Income taxes payable 647 1,140
 Other accrued liabilities 2,532 2,648
 Total current liabilities 15,746 11,547
 Capital lease obligations 404 1,289
 Long-term debt 0 2,983
 Stockholders' equity:
 Common stock 493 484
 Additional paid-in capital 73,394 70,796
 Retained earnings 55,316 42,071
 Total stockholders' equity 129,203 113,351
 Total $ 145,353 $ 129,170
 -0- 10/8/92
 /CONTACT: Alan P. Hale, vice president-finance of Dallas Semiconductor Corporation, 214-450-0968, or fax, 214-450-3748/
 (DS) CO: Dallas Semiconductor Corporation ST: Texas IN: CPR SU: ERN


AH -- NY101 -- 8066 10/08/92 16:44 EDT
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Date:Oct 8, 1992
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