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SYMBOL THIRD-QUARTER NET INCOME IS $0.19 PER SHARE ON REVENUES OF $92.4 MILLION

 BOHEMIA, N.Y., Oct. 21 /PRNewswire/ -- Symbol Technologies Inc. (NYSE: SBL), the leading manufacturer of portable bar code-driven data transaction systems, today reported results for the three and nine months ended Sept. 30, 1993.
 For the three months ended Sept. 30, 1993, revenues were $92,378,000, compared with $78,419,000 in the corresponding year-earlier period. Net income for the quarter was $4,625,000 ($0.19 per share), compared with a loss of $3,407,000 ($0.14 per share) in the quarter ended Sept. 30, 1992, which included a pre-tax restructuring charge of $6 million ($0.15 per share) associated with a work force reduction. The quarter ending Sept. 30, 1993, benefited by $0.03 per share from a lower tax rate due to the retroactive reinstatement of the R&D credit incurred since July 1, 1992. Weighted average shares outstanding, fully diluted, for the quarter were 24,547,000 in 1993 and 24,254,000 in 1992.
 Revenues for the nine months ended Sept. 30, 1993, were $266,033,000 compared with $262,344,000 in the corresponding year-earlier period. Nine-month net income was $7,601,000 ($0.31 per share), compared with net income of $7,531,000 ($0.31 per share) in the corresponding year- earlier period. Included in net income for the nine months ended Sept. 30, 1992, was the aforementioned $6 pre-tax restructuring charge ($0.15 per share) and a cumulative charge to earnings of $744,000 ($0.03 per share) resulting from the early adoption of SFAS 109 by the company in 1992. Weighted average shares outstanding, fully diluted, for the nine-month period were 24,541,000 in 1993 and 24,516,000 in 1992.
 Commenting on the results, Raymond Martino, president and chief operating officer, indicated that "an increase in North American product shipments coupled with lower operating costs resulted in a significant profitability improvement." In addition, the company said that its plan to consolidate manufacturing operations was substantially completed during the third quarter.
 Symbol Technologies, Inc., is the world leader in bar code-driven data transaction systems with more than 2 million scanners and terminals installed. The company designs, manufactures and markets bar code laser scanners, portable computers and radio frequency data communications networks that are used as strategic building blocks in technology systems for retail, warehousing and distribution, manufacturing, package and parcel delivery and other industries.
 SYMBOL TECHNOLOGIES, INC., AND SUBSIDIARIES
 Condensed Consolidated Balance Sheets
 (All amounts in thousands, except stock par value)
 Sept. 30, Dec. 31,
 1993 1992(A)
 Assets (Unaudited)
 Current Assets:
 Cash and temporary investments $ 12,510 $ 6,867
 Accounts receivable, less allowance
 for doubtful accounts of $5,167 and
 $4,893, respectively 86,046 78,514
 Inventories, net 78,580 60,783
 Deferred income taxes 31,034 31,565
 Prepaid expenses and other
 current assets 10,342 7,084
 Total current assets 218,512 184,813
 Property, plant and equipment, net
 of accumulated depreciation and
 amortization of $49,699 and
 $48,327, respectively 61,594 58,042
 Intangible and other assets, net
 of accumulated amortization of
 $33,084 and $25,329, respectively 137,006 135,811
 Total assets $417,112 $378,666
 Liabilities and stockholders' equity
 Current liabilities:
 Notes payable $ -- $ 7,500
 Accounts payable and accrued expenses 40,468 38,398
 Current portion of long-term debt 2,627 2,646
 Income taxes payable 6,990 6,299
 Deferred revenues 5,866 6,819
 Accrued restructuring costs 19,947 34,528
 Total current liabilities 75,898 96,190
 Long-term debt, less current maturities 64,453 14,582
 Other liabilities and deferred revenues 24,009 22,933
 Commitments and contingencies
 Stockholders' equity:
 Preferred stock, par value $1;
 authorized 10,000 shares, none
 issued or outstanding -- --
 Common stock, par value $0.01;
 authorized 40,000 shares; issued
 24,481 shares and 24,336 shares,
 respectively 244 243
 Retained earnings 69,761 62,160
 Other stockholders' equity 182,747 182,558
 Total 252,752 244,961
 Total liabilities and
 stockholders' equity $417,112 $378,666
 (A) The consolidated balance sheet as of Dec. 31, 1992, has been taken from the audited financial statements at that date and condensed.
 SYMBOL TECHNOLOGIES, INC., AND SUBSIDIARIES
 Condensed Consolidated Statements of Earnings
 (Unaudited, all amounts in thousands, except per share data)
 Periods Ended Three Months Nine Months
 Sept. 30, 1993 1992 1993 1992(A)
 Net revenues $92,378 $78,419 $266,033 $262,344
 Cost of revenues 47,651 39,273 138,539 129,501
 Amortization of software
 development costs 1,594 1,205 4,653 2,880
 Gross profit 43,133 37,941 122,841 129,963
 Operating expenses:
 Engineering 8,807 8,172 26,356 22,843
 Selling, general
 and administrative 25,813 28,078 79,756 83,884
 Amortization of excess
 of cost over fair value
 of net assets acquired 709 777 2,084 2,186
 Restructuring costs -- 6,000 -- 6,000
 Total 35,329 43,027 108,196 114,913
 Earnings (loss) from
 operations 7,804 (5,086) 14,645 15,050
 Other income -- -- -- 3,200
 Other expense -- -- -- (4,768)
 Interest expense, net (1,271) (499) (2,892) (1,419)
 Earnings (loss) before
 income taxes and
 cumulative effect
 of accounting change 6,533 (5,585) 11,753 12,063
 Provision (benefit) for
 income taxes 1,908 (2,178) 4,152 3,788
 Earnings (loss) before
 cumulative effect
 of accounting change 4,625 (3,407) 7,601 8,275
 Cumulative effect of
 accounting change -- -- -- 744
 Net earnings (loss) $ 4,625 $(3,407) $ 7,601 $ 7,531
 Earnings (loss) per share:
 On earnings before
 cumulative effect of
 accounting change:
 Primary $0.19 ($0.14) $0.31 $0.34
 Fully diluted $0.19 ($0.14) $0.31 $0.34
 On cumulative effect of
 accounting change:
 Primary $ -- $ -- $ -- ($0.03)
 Fully-diluted $ -- $ -- $ -- ($0.03)
 On net earnings (loss):
 Primary $0.19 ($0.14) $0.31 $0.31
 Fully-diluted $0.19 ($0.14) $0.31 $0.31
 Weighted average number of
 common shares outstanding:
 Primary 24,366 24,254 24,502 24,516
 Fully-diluted 24,547 24,254 24,541 24,516
 (A)-- - The condensed consolidated statement of earnings for the nine months ended Sept. 30, 1992 has been restated to reflect the cumulative effect of accounting change as a result of adopting the provisions of Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes."
 -0- 10/21/93
 /CONTACT: Michael G. Archambault of Symbol Technologies, Inc., 516-244-4632/
 (SBL)


CO: Symbol Technologies Inc. ST: New York IN: CPR SU: ERN

TW -- NY102 -- 5418 10/21/93 16:17 EDT
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