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BROOKTREE REPORTS SECOND QUARTER FISCAL 1992 RESULTS

 BROOKTREE REPORTS SECOND QUARTER FISCAL 1992 RESULTS
 SAN DIEGO, April 14 /PRNewswire/ -- Brooktree Corp. (NASDAQ: BTRE)


today reported financial results for the second quarter of its fiscal year 1992 ended March 28, 1992. Brooktree reported second fiscal quarter revenues of $22.2 million, up 6 percent over the same period in fiscal 1991 and 10 percent over the immediately preceding quarter. Net income for the second fiscal quarter of 1992 was $4.0 million, compared to $2.2 million reported in the same

period of fiscal 1991. Earnings per share for the second quarter of fiscal 1992 were $0.24, compared to $0.16 for the same period of fiscal 1991. In the second quarter of fiscal 1992, the company's net income includes an after-tax gain of $0.9 million ($0.05 per share) from the previously announced sale of its Bristol Development Center, located in Bristol, England, to a wholly owned subsidiary of Pioneer Electronic Corp. for $3.7 million.
 For the first six months of fiscal 1992, Brooktree reported revenues of $42.4 million, up 10 percent, compared to the same period last year. Net income for the first six months of fiscal 1992 was $6.9 million, compared to $4.0 million reported in the same period in fiscal 1991. Earnings per share for the first six months of fiscal 1992 were $0.42, compared to $0.29 for the same period in fiscal 1991. Fiscal 1992 net income includes the gain from the sale of the Bristol Development Center.
 "In addition to achieving strong financial results in an uncertain economic environment, Brooktree strengthened its strategic position during the March quarter," said Jim Bixby, chairman and chief executive officer. "In February, we formed our Communications Strategic Business Unit and acquired the Rockwell digital communications product line, which contributed to both our revenues and earnings growth in the quarter. Revenues in the workstation sector of our graphics business increased over the prior quarter based on greater customer demand, especially for our newer products.
 "Though we experienced an increase in product demand during the quarter, we will continue to carefully manage our costs while maintaining our level of investment in R&D in order to position ourselves to respond when the economy improves."
 Brooktree Corp. designs, develops and markets proprietary mixed- signal integrated circuits for computer graphics, imaging, high- performance communications and ATE applications. Brooktree is the leading supplier of RAMDACs which enable workstation, personal computer and laptop computer vendors to offer cost-effective color and gray-scale graphics.
 BROOKTREE CORP.
 Consolidated Statements of Income
 (In thousands, except per share data)
 (Unaudited)
 Three Months Ended Six Months Ended
 March 28, March 30, March 28, March 30,
 1992 1991 1992 1991
 Revenues $22,216 $21,016 $42,407 $38,596
 Cost of sales 8,691 8,318 16,460 15,339
 Gross margin 13,525 12,698 25,947 23,257
 Operating expenses:
 Research and development 4,706 4,238 8,791 7,783
 Sales and marketing 3,486 3,601 6,590 6,854
 General and administrative 1,487 1,409 2,848 2,625
 Patent litigation 166 612 401 966
 Total 9,845 9,860 18,630 18,228
 Operating income 3,680 2,838 7,317 5,029
 Gain on sale of technology 1,200 --- 1,200 ---
 Interest income, net 607 211 1,133 452
 Income before income taxes 5,487 3,049 9,650 5,481
 Provision for income taxes 1,453 846 2,702 1,477
 Net income $4,034 $2,203 $6,948 $4,004
 Earnings per share $0.24 $0.16 $0.42 $0.29
 Weighted average common
 and common equivalent
 shares 16,752 13,603 16,526 13,620
 BROOKTREE CORP.
 Consolidated Balance Sheets
 (Dollars in thousands)
 March 28, Sept. 28,
 1992 1991
 (Unaudited)
 Assets
 Current assets:
 Cash and cash equivalents $5,469 $4,439
 Short-term investments 33,914 32,138
 Receivables 14,193 11,992
 Inventories 13,363 14,295
 Prepaids and other current assets 2,468 1,819
 Total current assets 69,407 64,683
 Property and equipment 18,892 16,701
 Other assets 6,838 1,663
 Total $95,137 $83,047
 Liabilities and shareholders' equity
 Current liabilities:
 Current portion of long-term debt $1,054 $869
 Accounts payable 4,995 3,249
 Accrued payroll and benefits 3,030 4,086
 Accrued expenses 1,895 1,426
 Deferred revenue 2,051 1,645
 Total current liabilities 13,025 11,275
 Long-term debt 1,513 1,334
 Shareholders' equity:
 Preferred stock 601 3,666
 Common stock 63,068 57,152
 Retained earnings 17,076 10,128
 Notes receivable for shares issued (146) (508)
 Total shareholders' equity 80,599 70,438
 Total $95,137 $83,047
 -0- 4/14/92
 /CONTACT: William R. Peavey (investors), CFO, 619-535-3205, or Cathy Batchelor (editorial), MARCOM manager, 619-535-3273, both of Brooktree/
 (BTRE) CO: Brooktree Corp. ST: California IN: CPR SU: ERN


JL -- SD004 -- 8283 04/14/92 16:04 EDT
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