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/FIRST AND FINAL ADD -- INTELLIGENT ELECTRONICS RESULTS/

 /FIRST AND FINAL ADD -- INTELLIGENT ELECTRONICS RESULTS/
 INTELLIGENT ELECTRONICS, INC. AND SUBSIDIARIES
 Consolidating Statement of Operations
 For the Three Months Ended May 2, 1992
 (Unaudited; In thousands)
 Company Total
 Franchise Center Systems
 Division Division Eliminations Group
 Revenues $446,397 $49,412 --- $495,809
 Interdivisional
 sales 62,706 --- (62,706) 0
 Total revenues 509,103 49,412 (62,706) 495,809
 Cost of goods sold 482,241 43,314 (62,706) 462,849
 Gross profit 26,862 6,098 0 32,960
 Operating expenses:
 Selling, general
 and administrative
 expenses 7,863 6,004 --- 13,867
 Amortization of
 intangibles,
 primarily goodwill 1,176 125 --- 1,301
 Retail store pre-
 opening costs --- --- --- 0
 Total operating
 expenses 9,039 6,129 --- 15,168
 Income from
 operations $17,823 $(31) --- $17,792
 Intelligent Electronics, Inc. and Subsidiaries
 Consolidating Statement of Operations
 For the three months ended May 2, 1992
 (Unaudited; in thousands)
 Total
 Systems
 Group BizMart Corporate Consolidated
 Revenues $ 495,809 $ 166,656 --- $ 662,465
 Interdivisional sales 0 --- --- 0
 Total revenues 495,809 166,656 0 662,465
 Cost of goods sold 462,849 138,300 --- 601,149
 Gross profit 32,960 28,356 0 61,316
 Operating expenses:
 Selling, general and
 administrative
 expenses 13,867 26,051(A) 2,961 42,879
 Amortization of
 intangibles,
 primarily goodwill 1,301 1,702 --- 3,003
 Retail store pre-opening
 costs 0 974 --- 974
 Total operating
 expenses 15,168 28,727 2,961 46,856
 Income from
 operations $ 17,792 $ (371) $ (2,961) 14,460
 Other income (expense):
 Investment and
 other income, net --- --- --- (16)
 Interest expense --- --- --- (2,288)
 Income before provision
 for income taxes --- --- --- 12,156
 Provision for income taxes --- --- --- 5,360
 Net Income --- --- --- $ 6,796
 (A) Includes store operating expenses of $22 million.
 INTELLIGENT ELECTRONICS, INC. AND SUBSIDIARIES
 Consolidating Statement of Operations
 For the three months ended April 30, 1991
 (Unaudited; in thousands)
 Company Total
 Franchise Center Elimi- Systems
 Division Division nations Group
 Revenues $375,744 $45,677 --- $421,421
 Interdivisional sales 31,106 --- (31,106) 0
 Total revenues 406,850 45,677 (31,106) 421,421
 Cost of goods sold 380,832 38,719 (31,106) 388,445
 Gross profit 26,018 6,958 0 32,976
 Operating expenses:
 Selling, general and
 administrative
 expenses 6,510 5,479 --- 11,989
 Amortization of intangibles,
 primarily goodwill 1,177 128 --- 1,305
 Retail store pre-opening
 costs --- --- --- 0
 Total operating
 expenses 7,687 5,607 0 13,294
 Income from
 operations $ 18,331 $ 1,351 $ 0 $ 19,682
 INTELLIGENT ELECTRONICS, INC. AND SUBSIDIARIES
 Consolidating Statement of Operations
 For the three months ended April 30, 1991
 (in thousands, unaudited)
 Total
 Systems
 Group Corporate Consolidated
 Revenues $ 421,421 --- $ 421,421
 Interdivisional sales 0 --- 0
 Total revenues 421,421 0 421,421
 Cost of goods sold 388,445 --- 388,445
 Gross profit 32,976 0 32,976
 Operating expenses:
 Selling, general and
 administrative expenses 11,989 3,643 15,632
 Amortization of intangibles,
 primarily goodwill 1,305 1,305
 Retail store pre-opening
 costs 0 0
 Total operating expenses 13,294 3,643 16,937
 Income from operations $ 19,682 $ (3,643) 16,039
 Other income (expense):
 Investment and
 other income, net 1,944
 Interest expense (1,738)
 Income before provision
 for income taxes 16,245
 Provision for income taxes 5,991
 Net Income $ 10,254
 /delval/
 -0- 5/28/92 AA PH001
 /END FIRST AND FINAL ADD/
 (INEL) CO: Intelligent Electronics, Inc. ST: Pennsylvania IN: REA SU: ERN


MP-MK -- PH001A -- 4574 05/28/92 08:55 EDT
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Date:May 28, 1992
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