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/C O R R E C T I O N - GM HUGHES ELECTRONICS CORP./

 In LA023, "GM Hughes Electronics Corp. Reports Second Quarter Results," moved earlier today, we are advised by the company that in the table entitled "Pro Forma Selected Segment Data," in the section entitled "Automotive Electronics Revenues," the "Amount" for second quarter 1993 should read "$1,154.7" rather than "$1,154.2." In the same table, same section, "Operating profit" for second quarter 1993 should read "$165.3" rather than "$170.6" and "Operating profit margin" for second quarter 1993 should read "14.3" rather than "14.8." In the "Pro Forma Selected Segment Data" table, "Commercial Technologies Revenues" section, "Amount" for second quarter 1993 should read "$168.0" rather than "$168.5" and "Operating profit (loss)"for second quarter 1993 should read "($2.2)" rather than "($7.5)" as originally transmitted. The corrected table follows:
 GM HUGHES ELECTRONICS
 Pro Forma Selected Segment Data(a)
 (Dollars in millions)
 Six Months Ended
 Second Quarter June 30,
 1993 1992 1993 1992
 Automotive Electronics
 Revenues
 Amount $1,154.7 $1,103.2 $2,278.4 $2,090.1
 As a percentage
 of GMHE revenues 34.8 pct 37.1 pct 35.1 pct 35.1 pct
 Operating profit(b) $165.3 $135.2 $324.1 $248.6
 Operating profit
 margin(c) 14.3 pct 12.3 pct 14.2 pct 11.9 pct
 Depreciation and
 amortization $27.8 $33.5 $65.4 $67.1
 Capital expenditures $19.2 $68.6 $36.4 $149.9
 Telecommunications
 and Space
 Revenues
 Amount $440.4 $444.6 $902.5 $922.3
 As a percentage
 of GMHE revenues 13.3 pct 14.9 pct 13.9 pct 15.5 pct
 Restructuring charge --- $195.3 --- $195.3
 Operating profit
 (loss)(b) $60.1 ($167.6) $85.3 ($120.4)
 Operating profit
 (loss) margin(c) 13.6 pct (37.7 pct) 9.5 pct (13.1 pct)
 Depreciation and
 amortization(d) $21.2 $29.9 $52.7 $57.9
 Capital expenditures(e) $23.0 $9.9 $43.8 $32.4
 Defense Electronics
 Revenues
 Amount $1,552.3 $1,261.9 $2,979.0 $2,515.2
 As a percentage of
 GMHE revenues 46.8 pct 42.4 pct 45.8 pct 42.3 pct
 Restructuring charge --- $911.8 --- $911.8
 Operating profit
 (loss)(b) $159.1 ($801.6) $289.8 ($724.4)
 Operating profit
 (loss) margin(c) 10.2 pct (63.5 pct) 9.7 pct (28.8 pct)
 Depreciation and
 amortization(d) $37.2 $58.1 $91.9 $104.7
 Capital expenditures $26.2 $31.5 $44.1 $53.7
 Commercial Technologies
 Revenues
 Amount $168.0 $165.1 $336.7 $424.9
 As a percentage
 of GMHE revenues 5.1 pct 5.6 pct 5.2 pct 7.1 pct
 Restructuring charge --- $129.9 --- $129.9
 Operating profit
 (loss)(b) ($2.2) ($169.6) $1.1 ($173.5)
 Operating profit
 (loss) margin(c) (4.5 pct) (102.7 pct) 0.3 pct (40.8 pct)
 Depreciation and
 amortization(d) $8.8 $9.8 $21.3 $24.1
 Capital expenditures $0.6 $4.9 $6.5 $13.9
 Corporate
 Operating (loss)(b) ($4.5) ($5.3) ($9.2) ($10.5)
 Certain 1992 amounts were restated to recognize the incremental ongoing effect of SFAS No. 106 or reclassified to conform with 1993 classifications.
 (a) The GMHE Consolidated Financial Statements reflect the application of purchase accounting adjustments related to the acquisition of Hughes by GM. However, as provided in the General Motors Certificate of Incorporation, the earnings attributable to Class H common stock for purposes of determining the amount available for the payment of dividends on Class H common stock specifically excludes such adjustments. In order to provide additional analytical data, the above GMHE unaudited supplemental pro forma financial data, which excludes the purchase accounting adjustments related to the acquisition of Hughes by GM, is presented.
 (b) Net Sales less Total Costs and Expenses other than Interest Expense.
 (c) Operating Profit (Loss) as a percentage of Revenues.
 (d) Excludes amortization arising from purchase accounting adjustments related to GM's acquisition of Hughes amounting to $2.7, $2.7, $5.4 and $5.4 million, respectively, for the Telecommunications and Space Segment; $25.7, $25.7, $51.4 and $51.4 million, respectively, for the Defense Electronics segment; and $2.5, $2.5, $5.1 and $5.1 million, respectively, for the Commercial Technologies segment.
 (e) Excludes expenditures related to equipment on operating leases amounting to $49.6, $32.1, $51.5 and $70.2 million, respectively.
 -0- 7/28/93 C LA023
 /PRNewswire -- July 28/


CO: GM Hughes Electronics Corp. ST: California IN: ARO SU: ERN

JL-BP -- LA023C -- 6756 07/28/93 13:13 EDT
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