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C-COR ANNOUNCES FISCAL YEAR 1993 SECOND QUARTER RESULTS

 STATE COLLEGE, Pa., Jan. 19 /PRNewswire/ -- Richard E. Perry, chairman and chief executive officer of C-COR Electronics, Inc. (NASDAQ: CCBL) today announced the financial results for the second quarter ended Dec. 25, 1992.
 C-COR reported net income of $739,000 on sales of $13,165,000. This compares to a net income of $271,000 on sales of $11,067,000 for the second quarter of the previous year. Earnings per share for the quarter ended Dec. 25, 1992, were $0.16. This compares to earnings per share of $0.06 for the same quarter of the previous year. C-COR's fiscal year ends on the last Friday in June.
 Net income for the first six months totaled $1,766,000 on sales of $26,857,000, compared to a net income of $396,000 for the first six months of fiscal year 1992 on sales of $20,466,000. Earnings per share for the first six months were $0.38 compared to earnings per share of $0.09 for the first six months of fiscal year 1992.
 Perry commented, "We are pleased with the quarterly results which are consistent with expectations. We are especially encouraged by the improvement in profitability over the previous year's figures. Current sales projections continue to support strong third and fourth quarters. Periodic updates will be issued as news is available on the anticipated improved ordering levels from all of our markets."
 C-COR, founded 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, Pa., and State College. C-COR Electronics Canada Inc., a subsidiary of C-COR Electronics, Inc., is located in Ontario, Canada. C-COR/COMLUX, Inc., C-COR's subsidiary manufacturing digital fiber optic products, is located in Fremont, Calif. C-COR Europe B.V., C-COR's European subsidiary, is located in the Netherlands. C-COR's common stock is listed in the NASDAQ National Market System under the symbol CCBL.
 C-COR ELECTRONICS, INC.
 13 Weeks Ended Dec. 25, Dec. 27,
 1992 1991
 Net sales $13,165,000 $11,067,000
 Net income 739,000 271,000
 Earnings per share $ 0.16 $ 0.06
 Weighted average number of
 common shares outstanding 4,585,000 4,547,000
 26 Weeks Ended Dec. 25, Dec. 27,
 1992 1991
 Net sales $26,857,000 $20,466,000
 Net income 1,766,000 396,000
 Earnings per share $ 0.38 $ 0.09
 Weighted average number of
 common shares outstanding 4,581,000 4,541,000
 CONSOLIDATED INCOME STATEMENTS
 (unaudited; in thousands of dollars except per share amounts)
 13 Weeks Ended Dec. 25, Dec. 27, Increase
 1992 1991 percent
 Net sales $13,165 $11,067 19
 Cost of sales 8,389 7,550 11
 Sales and admin. 2,674 2,292 17
 Research and product
 development costs 803 655 23
 Other expenses 245 118 108
 $12,111 $10,615 14
 Income from operations
 before income taxes 1,054 452
 Income taxes 315 181
 Net income 739 271
 Earnings per share $ 0.16 $ 0.06
 Weighted average number
 of common shares outstanding 4,585,000 4,547,000
 CONSOLIDATED BALANCE SHEETS
 (unaudited; in thousands of dollars)
 Dec. 25, Dec. 27,
 1992 1991
 Assets
 Current assets
 Cash and cash equivalents $6,011 $4,464
 Marketable securities 2,031 0
 Receivables 6,086 7,883
 Inventories 9,577 8,699
 Other 1,619 1,862
 Total Current Assets 25,324 22,908
 Long-term notes receivable and
 other assets 12 58
 Intangible assets 2,509 2,899
 Property, plant and equipment 5,462 5,362
 Total 33,307 31,227
 Liabilities and Shareholders'
 equity
 Current liabilities
 Payables and Accruals 4,478 5,363
 Income taxes currently payable 217 868
 Current portion of long-term debt 137 181
 Total current liabilities 4,832 6,412
 Long-term debt 534 721
 Other long-term liabilities 380 248
 Shareholders' equity 27,561 23,846
 Total 33,307 31,227
 -0- 1/19/93
 /CONTACT: Sally O. Thiel, manager corporate communications, of C-COR Electronics, 814-238-2461/
 (CCBL)


CO: C-COR Electronics, Inc. ST: Pennsylvania IN: TLS CPR SU: ERN

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Date:Jan 19, 1993
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