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DATA SWITCH POSTS FIFTH CONSECUTIVE PROFITABLE QUARTER; REPORTS GROWING ACCEPTANCE OF NEW PRODUCTS

 SHELTON, Conn., July 22 /PRNewswire/ -- Data Switch Corporation (NASDAQ: DASW) today reported earnings of $208,000, or 2 cents per share, for the second quarter, on revenues of $23,407,000. For the same period last year, the company earned $587,000, or 5 cents per share, on revenues of $23,405,000. The company said that acceptance of its new products continued to grow.
 Earnings for the first six months of 1993 were $957,000, or 8 cents per share, on revenues of $46,645,000. Last year, the company had a net loss of $1,945,000, or 16 cents per share, on revenues of $43,468,000.
 Data Switch President and Chief Executive Officer J. Roger Moody commented on the quarter's performance: "A highlight of the second quarter was the first customer acceptance of our wide-area networking product, the Distributed Director System (DDS). One of the nation's largest money center banks is now using DDS to link six data centers stretching from New York to Florida. With this product, the bank can operate check sorters and a variety of printers and tape shortage devices hundreds of miles from the mainframe computer site."
 "A second new product that we shipped and recognized revenue from was the High-Density FX Converter, which allows customers to mix fiber- channel and bus-and-tag computers in their installations. A major airline ordered and installed 96 converters and has already ordered 32 additional units."
 "We're beginning to see revenues from new products released and shipped earlier this year. The bank and airline orders were the first significant revenue from these two products. Our product development efforts of the last year are paying off."
 "Our gross profit was down because of product mix and initial shipment of new products. Expenses were lower than last year's. During the quarter we built inventory levels for expected new product shipments and for completion of major contracts."
 Mr. Moody was optimistic about the company's prospects for the year. "We anticipate that new product acceptance in the next two quarters will contribute to stronger revenues," he said, "and we will continue to hold the line on expenses to protect profitability. We are also very encouraged by our backlog. We closed the quarter with over $15 million in backlog, plus $7,500,0000 in unreleased government contracts, compared to a total of $6,700,000 last year."
 -0- 7/22/93
 /CONTACT: Linda Bachmann of Data Switch Corporation, 203-926-1801, or (fax) 203-929-3890/
 (DASW)


CO: Data Switch Corporation ST: Connecticut IN: SU: ERN

LG-TS -- NY036 -- 4464 07/22/93 11:00 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
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