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/ADD -- COMPUTER NETWORK TECHNOLOGY -- MN021/

 /ADD -- COMPUTER NETWORK TECHNOLOGY -- MN021/
 Note: The following was inadvertently omitted from MN021, Computer


Network Technology Announces First Quarter Results:
 COMPUTER NETWORK TECHNOLOGY CORPORATION
 STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended
 3/31/92 3/31/91
 Revenue:
 Equipment sales $5,227,072 $4,066,837
 Service fees 848,352 506,036
 Total revenue 6,075,424 4,572,873
 Costs and expenses:
 Cost of equipment sales 1,358,001 890,142
 Cost of services 1,034,904 591,173
 Sales and marketing 1,856,942 1,434,896
 Engineering and development 1,354,378 880,134
 General and administrative 419,813 362,280
 Total costs and expenses 6,024,038 4,158,625
 Income from operations 51,386 414,248
 Other income (expense):
 Interest income 110,928 35,966
 Interest expense (39,798) (30,393)
 Other income (expense) 18,112 (4,720)
 Net other income 89,242 853
 Income before income taxes 140,628 415,101
 Provision for income taxes 9,000 30,000
 Net income $131,628 $385,101
 Net income per common and common
 equivalent share $.01 $.03
 Weighted average number of common and
 common equivalent shares 17,178,062 14,301,898
 -0- 4/27/92
 /CONTACT: John Brintnall of Computer Network Technology, 612-550-8000/
 (CMNT) CO: Computer Network Technology Corporation ST: Minnesota IN: CPR SU: ERN


AL -- MN021A -- 3414 04/27/92 17:29 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 27, 1992
Words:229
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