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MICROCOM ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

 NORWOOD, Mass., Oct. 18 /PRNewswire/ -- Microcom, Inc., (NASDAQ: MNPI) today reported financial results for the company's second quarter of fiscal year 1994.
 For the three months ended Sept. 30, 1993, the company reported revenue of $12,471,000 with income from operations of $79,000 and a net income per share of $.01. This compares to revenue of $17,877,000 an operating loss of $714,000 and a net loss per share of $.08 for the second quarter of last year.
 According to James M. Dow, president and chief executive officer, "We are pleased to report that the company has returned to profitability. We have taken steps to stabilize the company by reducing operating costs that, in conjunction with the new low cost V. fast modem products we are announcing today, should enable the company to establish a strong position in the high growth remote access markets."
 Microcom's Annual Report and interim reports are distributed regularly to stockholders. In addition, the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission are available upon request to:
 Chief Financial Officer
 Microcom, Inc.
 500 River Ridge Drive
 Norwood, MA 02062
 Microcom, Inc. is a PC connectivity company, headquartered in Norwood, Mass., with offices in Wilmington, Del., Yonkers, N.Y., Caguas, Puerto Rico; sales offices throughout the United States; and international offices in France, Hong Kong, Singapore and the United Kingdom.
 Principal product lines include MicroPorte(TM) and QX(TM) Protocol Modem(TM), Microcom Bridge/Routers(TM), Carbon Copy(TM) remote control software, and LANlord(R) integrated network management software.
 Microcom and LANlord are registered trademarks of Microcom Systems, Inc.
 The following are trademarks of Microcom Systems, Inc.: MicroPorte, QX, Protocol Modems, Carbon Copy, and Microcom Bridge/Router.
 MICROCOM, INC.
 Condensed Consolidated Statement of Operations
 For the Three and Six Months Ended Sept. 30, 1993 and 1992
 (Unaudited, in thousands, except per share amounts)
 Three months ended Six months ended
 1993 1992 1993 1992
 Net sales $12,471 $17,877 $24,527 $36,811
 Cost of sales 6,145 8,748 12,686 17,342
 Gross margin 6,326 9,129 11,841 19,469
 Operating expenses:
 Research and
 development 2,266 3,783 4,522 8,005
 Sales and marketing 2,770 4,762 7,986 10,031
 General and
 administrative 1,211 1,298 2,940 2,949
 Restructuring costs --- --- 6,500 5,800
 Total operating
 expenses 6,247 9,843 21,948 26,785
 Income (loss) from
 operations 79 (714) (10,107) (7,316)
 Interest income 6 14 35 25
 Interest expense (19) (71) (131) (139)
 Inc. (loss) before inc.
 taxes 66 (771) (10,203) (7,430)
 Provision for inc. taxes --- 20 31 20
 Net income (loss) $66 $(791) $(10,234) $(7,450)
 Net inc. (loss) per share $.01 $(.08) $(1.04) $(.78)
 Weighted average number
 of shares 9,825 9,558 9,818 9,536
 Shares issued and
 outstng. 9,818 9,558 9,818 9,536
 MICROCOM, INC.
 Condensed Consolidated Balance Sheet
 (In thousands)
 ASSETS 9/30/93 3/31/93
 Current Assets:
 Cash and cash equivalents $4,374 $9,108
 Accounts receivable, net 10,244 13,366
 Inventories 4,440 5,671
 Prepaid expenses 919 1,255
 Total current assets 19,977 29,400
 Property and equipment, net 6,188 6,932
 Other assets, net 9,320 9,521
 Total $35,485 $45,853
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current Liabilities:
 Current portion of capitalized
 leases $296 $280
 Accounts payable 3,386 3,924
 Accrued restucturing costs 3,281 233
 Accrued expenses 1,183 4,134
 Total current liabilities 8,146 8,571
 Long-term portion of capitalized
 leases 610 762
 Commitments
 Stockholders' equity:
 Common stock 110 107
 Capital in excess of par value 56,369 55,903
 Stock loans - related parties (116) (116)
 Accumulated deficit (26,671) (16,437)
 Treasury stock (2,613) (2,613)
 Cumulative translation adjustment (350) (324)
 Total stockholders' equity 26,729 36,520
 Total $35,485 $45,853
 -0- 10/18/93
 /CONTACT: James M. Dow, president and CEO, 617-551-1369; or Peter J. Minihane, executive VP and CFO, 617-551-1236, both of Microcom/
 (MNPI)


CO: Microcom ST: Massachusetts IN: CPR SU: ERN

JL-DD -- NE009 -- 3241 10/18/93 09:38 EDT
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Date:Oct 18, 1993
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