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LOWER THAN ANTICIPATED PROFITS PREDICTED AT C-COR, FORECASTS FOR FUTURE REMAIN OPTIMISTIC

 STATE COLLEGE, Pa., /PRNewswire/ -- Richard E. Perry, chairman and chief executive officer of C-COR Electronics, Inc. (NASDAQ-NMS: CCBL), announced today that the company anticipates fiscal year 1993 earnings will likely be below forecasts.
 Analysts currently estimate earnings in the $0.79 to $0.81 range. C-COR expects to report its financial results for the fiscal year ending June 25, 1993, in mid-August.
 Commenting on the situation, Perry stated, "The activity level at C-COR is high. We are quoting more jobs than ever and interest generated at recent trade shows in San Francisco (NCTA) and Montreux, Switzerland is encouraging. However, many buying decisions are being delayed due primarily to two industry factors: FCC reregulation and changes in network architectures. Cable operators are reviewing rebuild plans pending calculation of the effects of FCC reregulation. In addition, with the growing interest in Multimedia, network architectures continue to undergo rapid change, often resulting in revised equipment decisions. But C-COR's strength is in having the ability to respond quickly to change, as evidenced by our ongoing commitment to R&D spending and first rate service before, during, and after the sale."
 He added, "Our international business has been slower than we had expected when we started the year, but we are now seeing signs of improvement. We remain optimistic that C-COR will continue to participate actively as a strategic player in the building of the electronic superhighway during the 90s and beyond."
 C-COR, founded 40 years ago, designs and manufactures high quality electronic equipment used in cable television and data communication systems worldwide. C-COR's headquarters is in State College, Pennsylvania, with production facilities in Tipton and State College, Pennsylvania. C-COR Electronics Canada, Inc., a subsidiary of C-COR Electronics, Inc., is located in Ontario, Canada. C-COR/COMLUX, Inc., C-COR's subsidiary manufacturing digital fiber optic products, is located in Fremont, Calif. C-COR Europe B.V., C-COR's European subsidiary, is located in the Netherlands. C-COR's common stock is listed in the NASDAQ National Market System under the symbol CCBL.
 /delval/
 -0- 7/2/93
 /CONTACT: Sally O. Thiel, manager corporate communications, of C-COR, 814-231-4402/
 (CCBL)


CO: C-COR Electronics, Inc. ST: Pennsylvania IN: CPR SU: ERN

CD -- PG001 -- 8049 07/02/93 08:07 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
Words:366
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