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C-COR ANNOUNCES FISCAL YEAR 1993 FIRST QUARTER RESULTS

 C-COR ANNOUNCES FISCAL YEAR 1993 FIRST QUARTER RESULTS
 STATE COLLEGE, Pa., Oct. 13 /PRNewswire/ -- Richard E. Perry, chairman, president and chief executive officer of C-COR Electronics, Inc. (NASDAQ-NMS: CCBL), today announced the financial results for the first quarter ended Sept. 25, 1992.
 C-COR reported net income of $1,026,000 on sales of $13,692,000. This compares to a net income of $125,000 on sales of $9,400,000 for the first quarter of the previous year. Earnings per share for the quarter ended Sept. 25, 1992, were $0.22. This compares to income per share of $.03 for the same quarter of the previous year. C-COR's fiscal year ends on the last Friday in June.
 Commenting on the results, Perry stated, "We are very pleased with the first quarter results, especially the profitability. Sales in the second quarter are expected to remain consistent with first quarter levels. Changes in product mix have required adjustments in employment levels in our Pennsylvania plants which, along with a heavy holiday period, could result in reduced profitability for the second quarter.
 "We expect a strong second half, pending a positive economic and political climate in the United States. We are keeping a close eye on the possible effects of cable reregulation, as well as the outcome of the franchising situation in Hong Kong."
 C-COR Electronics, Inc., founded nearly 40 years ago, designs and manufactures high quality electronic equipment used in cable television and data communication systems. C-COR's headquarters is in State College, with production facilities in Tipton and State College, Pa. C-COR Electronics Canada, Inc., a subsidiary of C-COR Electronics, Inc., is located in Ontario, Canada. Its European subsidiary, C-COR Europe B.V., is located in The Netherlands. C-COR/COMLUX, Inc., C-COR's manufacturer of digital fiber optic products, is located in Fremont, Calif. C-COR's Common Stock is listed in the NASDAQ National Market System under the symbol CCBL.
 C-COR ELECTRONICS, INC.
 Sept. 25, Sept. 27,
 13 Weeks Ended 1992 1991
 Net Sales $ 13,692,000 $ 9,400,000
 Net Income $ 1,026,000 $ 125,000
 Earnings Per Share $ 0.22 $ 0.03
 Weighted Average Number of
 Common Shares Outstanding 4,576,130 4,532,414
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (unaudited in thousands of dollars except per share amounts)
 Thirteen Weeks Ended
 Sept. 25, Sept. 27, INCREASE
 1992 1991 percent
 NET SALES $ 13,692 $ 9,400 46
 Cost of Sales 8,603 6,635 30
 Sales and Administrative 2,440 1,916 27
 Research and Product
 Development Costs 768 581 32
 Other Expenses (Income) 200 60 233
 $ 12,011 $ 9,192 31
 INCOME FROM OPERATIONS
 BEFORE INCOME TAXES 1,681 208
 INCOME TAXES 655 83
 NET INCOME $ 1,026 $ 125
 EARNINGS PER SHARE $ 0.22 $ 0.03
 WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING 4,576,130 4,532,414
 CONSOLIDATED BALANCE SHEETS
 (unaudited in thousands of dollars)
 Sept. 25, Sept. 27,
 1992 1991
 ASSETS
 CURRENT ASSETS
 Cash and Cash Equivalents $ 6,465 $ 3,702
 Receivables 8,942 6,022
 Inventories 9,071 7,937
 Recoverable Income Taxes 205 1,596
 Other 1,375 1,814
 TOTAL CURRENT ASSETS 26,058 21,071
 Long-Term Notes Receivable
 and Other Assets 12 45
 Intangible Assets 2,662 3,041
 Property, Plant, and Equipment 5,475 5,395
 TOTAL $ 34,207 $ 29,552
 LIABILITIES AND SHAREHOLDERS' EQUITY
 CURRENT LIABILITIES
 Payables and Accruals $ 5,373 $ 4,070
 Income Taxes Currently Payable 838 745
 Current Portion of Long-Term Debt 195 180
 TOTAL CURRENT LIABILITIES 6,406 4,995
 LONG-TERM DEBT 687 766
 OTHER LONG-TERM LIABILITIES 351 222
 SHAREHOLDERS' EQUITY 26,763 23,569
 TOTAL $ 34,207 $ 29,552
 -0- 10/13/92
 /CONTACT: Sally O. Thiel, manager corporate communications, or C-COR Electronics, 814-238-2461/
 (CCBL) CO: C-COR Electronics, Inc. ST: Pennsylvania IN: CPR SU: ERN


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Date:Oct 13, 1992
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