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ALDUS ANNOUNCES SECOND-QUARTER RESULTS

 ALDUS ANNOUNCES SECOND-QUARTER RESULTS
 SEATTLE, July 21 /PRNewswire/ -- Aldus Corp. (NASDAQ: ALDC) today


announced final results for its second quarter ended June 26, 1992. The company reported a net loss of $0.9 million, or 6 cents per share, on net revenue of $38.9 million, compared with net income of $7.6 million, or 49 cents per share, on net revenue of $44.3 million for the second quarter of 1991.
 As previously announced, the company's second-quarter loss was due to lower-than-expected sales of its Microsoft Windows-based software products in Europe and the United States, and a significant revenue shortfall and higher expenses in its German subsidiary.
 "We are taking steps to address the situation in Germany, but continue to be affected by recessionary conditions in not only Germany, but also France and Sweden," said Aldus President Paul Brainerd. "Our Windows product sales were also affected by increased competition and a general slowdown in the U.S. software market."
 Operating expenses increased in the second quarter of 1992 due to a $0.7 million charge for the restructuring of the company's European operations, increased spending on sales and marketing programs, the purchase of a majority interest in its Japanese operations, and continued investment in new product development.
 "We initially planned expenses for the quarter in anticipation of higher revenues, and we are now taking action to reduce our variable costs in the future," Brainerd said.
 RECENT HIGHLIGHTS
 On June 23, during the PC Expo show, the company's new Consumer Products Division introduced Aldus IntelliDraw, a "smart" drawing software program for users of the Apple Macintosh and Microsoft Windows. On July 6, Aldus announced it had acquired a multi-user, mixed media database software technology, code-named "Fetch," that enables Macintosh users to visually catalogue, browse and retrieve digitized images and sound in standard Macintosh file formats. On July 9, Aldus announced the acquisition of a software technology that will perform color-trapping and sophisticated print production processes on a microcomputer.
 "The initial response and subsequent reviews of IntelliDraw have been positive, and we look forward to incorporating our new graphic database and color-trapping technologies into our products," said Brainerd.
 Aldus Corp. develops computer software solutions that help people throughout the world effectively communicate information and ideas. In addition to IntelliDraw, the Aldus product line includes Aldus PageMaker -- the company's flagship product -- Aldus Digital Darkroom, Aldus FreeHand, Aldus Gallery Effects, Aldus Personal Press, Aldus Persuasion, Aldus PhotoStyler, Aldus PrePrint, Aldus PressWise, Aldus SuperCard, Aldus SuperPaint and Aldus Super 3D. The company distributes its products through an international network of more than 16,000 dealers and distributors.
 NOTE: Aldus, the Aldus logo, PageMaker, Aldus FreeHand, Persuasion, PrePrint, SuperCard and SuperPaint are registered trademarks, and PressWise, Digital Darkroom, Gallery Effects, Personal Press, IntelliDraw and Super 3D are trademarks of Aldus Corp. PhotoStyler is a trademark of U-Lead Systems Inc.
 ALDUS CORP.
 CONSOLIDATED STATEMENTS OF INCOME
 (In thousands, except earnings-per-share data)
 Three Months Six Months
 Ended Ended
 June 26, June 28, June 26, June 28,
 1992 1991 1992 1991
 Net sales $38,884 $44,277 $82,935 $84,543
 Cost of sales 8,739 8,278 17,945 16,000
 Gross margin 30,145 35,999 64,990 68,543
 Sales and marketing 17,915 14,298 33,246 28,076
 General and administrative 8,059 6,455 14,812 12,257
 Software development costs:
 Research and development 4,357 3,319 8,593 6,950
 Amortization of capitalized
 software development costs 2,044 2,048 4,963 3,568
 Income (loss) from
 operations (2,230) 9,879 3,376 17,692
 Interest income, net 1,043 1,184 2,326 2,447
 Other income (expense), net (113) (37) (187) 94
 Income (loss) before provision
 for income taxes (1,300) 11,026 5,515 20,233
 (Provision) benefit for
 income taxes 401 (3,419) (1,710) (6,365)
 Net income (loss) $ (899) $ 7,607 $ 3,805 $13,868
 Net income (loss) per share $ (0.06) $ 0.49 $ 0.25 $ 0.90
 Weighted average number of
 common shares 14,738 15,573 15,206 15,444
 ALDUS CORP.
 CONDENSED BALANCE SHEETS
 (In thousands)
 June 26, Dec. 31,
 1992 1991
 Assets:
 Current Assets:
 Cash and marketable securities $ 86,930 $106,215
 Accounts receivable 23,150 25,284
 Income taxes receivable -- 1,264
 Inventories 10,414 6,024
 Deferred income taxes 5,137 3,421
 Prepaid expenses 6,128 4,158
 Total current assets 131,759 146,366
 Property and equipment, net 24,782 17,556
 Other assets 20,270 14,647
 Total $176,811 $178,569
 Liabilities and Shareholders' Equity
 Current Liabilities:
 Short-term borrowings $ 1,538 $ --
 Accounts payable 7,711 5,290
 Accrued liabilities 16,937 12,571
 Deferred technical support revenue 933 1,456
 Income taxes payable 2,608 --
 Total current liabilities 29,727 19,317
 Deferred income taxes 1,775 3,923
 Shareholders' Equity:
 Common stock 51,665 64,226
 Retained earnings 93,028 89,223
 Translation adjustments 616 1,880
 Total shareholders' equity 145,309 155,329
 Total $176,811 $178,569
 -0- 7/21/92
 /CONTACT: Brad Stevens of Aldus, 206-628-2361/
 (ALDC) CO: Aldus Corp. ST: Washington IN: CPR SU: ERN


SC-LM -- SE002 -- 1157 07/21/92 09:32 EDT
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