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INTERPHASE CORPORATION ANNOUNCES RESTRUCTURING

 DALLAS, June 8 /PRNewswire/ -- Interphase Corporation (NASDAQ/NMS:INPH) today announced a strategic restructuring and rightsizing. In addition to a 15 percent reduction in force, which affected all areas of the company, the company is reducing non-employee related costs to lower operating expenses and improve gross margins.
 "These changes are in response to the continuing recession in our European business and a transition to newer products, which combined have resulted in lower than anticipated revenues for the last few quarters," said Michael E. Cope, president and CEO. "With these changes, we are reducing our operating expenses to a more appropriate level given the anticipated revenue going forward."
 The company anticipates that the quarter ending July 31, 1993, will result in a net loss due to a continuing softness in revenues and to one time expenses resulting from these changes. It is anticipated that this restructuring will allow the company to return to profitability in the quarter ending October 31, 1993.
 "Interphase is a solid company with a very strong balance sheet, is well capitalized including cash, and enjoys and excellent market position and reputation," added Cope. "This is the right thing to do, and will allow us to focus on execution of our growth plan."
 Interphase Corporation, based in Dallas, Texas, is a leading supplier of high performance networking solutions and mass storage controllers for open systems. The company sells to computer OEMs, system integrators, Value Added Resellers, and end users through a worldwide sales and service network.
 -0- 6/8/93
 /CONTACT: Robert L. Drury, vice president-finance & CFO of Interphase Corporation, 214-919-9000/
 (INPH)


CO: Interphase Corporation ST: Texas IN: CPR SU: RCN

TM -- NY093 -- 6804 06/08/93 18:51 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
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