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ACUSON REPORTS FIRST QUARTER 1993 RESULTS

 MOUNTAIN VIEW, Calif., April 28 /PRNewswire/ -- Acuson Corp. (NYSE: ACN), a leading manufacturer and international marketer of premium quality medical diagnostic ultrasound systems, today announced the results for the first quarter ended April 3, 1993.
 Sales for the first quarter were $82,295,000, compared to $87,018,000, reported for the year-earlier period. Net income for the quarter was $5,015,000, compared to net income of $12,768,000, and earnings per share were 17 cents per share, compared to 35 cents per share for the same period in 1992.
 "During the first quarter, worldwide market conditions and uncertainties surrounding pending U.S. health care reform delayed expected purchases of hospital ultrasound systems," said Samuel H. Maslak, Sc.D., company president and chief executive officer. "In a cost-contained environment, we believe that ultrasound, and Acuson's products in particular, will continue to be a cost-effective diagnostic tool of choice for a growing list of imaging applications. However, we expect that current unsettled market conditions will be protracted and therefore will impact our revenues and earnings further in the current and upcoming quarters," said Maslak.
 In 1992 the board of directors authorized the repurchase of up to 8,000,000 shares of Acuson common stock over an unspecified period of time. As of April 3, the company had repurchased 7,002,100 shares, and there were 29,016,736 shares of Acuson common stock outstanding.
 Headquartered in Mountain View, Acuson had 1992 sales of $343 million.
 ACUSON CORP.
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited)
 (In thousands, except per-share amounts)
 Three Months Ended: April 3, March 28,
 1993 1992
 Net sales $82,295 $87,018
 Cost of sales 34,482 34,979
 Gross profit 47,813 52,039
 Operating expenses:
 Selling, general and
 administrative 27,038 24,065
 Product development 14,223 9,783
 Total operating expenses 41,261 33,848
 Income from operations 6,552 18,191
 Interest income, net 1,164 2,076
 Income before provision
 for income taxes 7,716 20,267
 Provision for income taxes 2,701 7,499
 Net income 5,015 $12,768
 Earnings per share $ 0.17 $ 0.35
 Weighted average common
 and common equivalent
 shares outstanding 29,595 36,507
 CONDENSED CONSOLIDATED BALANCE SHEETS
 (In thousands)
 April 3, Dec. 31,
 ASSETS 1993 1992
 (Unaudited)
 CURRENT ASSETS
 Cash & short-term investments $ 73,102 $ 65,447
 Accounts receivable 77,312 79,606
 Inventories 41,933 43,503
 Prepaid expenses and other 20,063 20,583
 Total current assets 212,410 209,139
 PROPERTY AND EQUIPMENT
 At cost net of accumulated depreciation
 and amortization of $63,711 in 1993 and
 $59,053 in 1992 48,907 50,813
 OTHER ASSETS
 Net investment in leases 18,776 15,375
 Other long-term assets 3,512 3,230
 Total assets $283,605 $278,557
 LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES
 Accounts payable $ 19,182 $ 13,829
 Accrued liabilities 69,596 63,582
 Total current liabilities 88,778 77,411
 STOCKHOLDERS' EQUITY
 Common Stock
 Authorized - 50,000 shares
 Outstanding - 29,017 shares in 1993
 and 29,818 shares in 1992 68,818 68,816
 Cumulative translation adjustment (1,448) (1,481)
 Retained earnings 127,457 133,811
 Total stockholders' equity 194,827 201,146
 Total liabilities and
 stockholders' equity $283,605 $278,557
 -0- 4/28/93
 /CONTACT: David L. Ringler of Acuson, 415-694-5303/
 (ACN)


CO: Acuson Corp. ST: California IN: MTC SU: ERN

SG -- SJ002 -- 1809 04/28/93 09:07 EDT
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Date:Apr 28, 1993
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