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C-COR ANNOUNCES FISCAL YEAR 1993 THIRD QUARTER RESULTS

 STATE COLLEGE, Pa., April 13 /PRNewswire/ -- Richard E. Perry, chairman and chief executive officer of C-COR Electronics, Inc. (NASDAQ: CCBL), today announced the financial results for the third quarter ended March 26, 1993.
 C-COR reported net income of $819,000 on sales of $14,467,000. This compares to a net income of $1,031,000 on sales of $15,120,000 for the third quarter of the previous year. Earnings per share for the quarter ended March 26, 1993, were $0.18. This compares to earnings per share of $0.23 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 nine months totaled $2,585,000 on sales of $41,324,000, compared to a net income of $1,427,000 for the first nine months of fiscal year 1992 on sales of $35,586,000. Earnings per share for the first nine months were $0.56 compared to earnings per share of $0.31 for the first nine months of fiscal year 1992.
 Commenting on the results, Perry stated, "While we were pleased to see revenue and profitability increase over the previous quarter, the third quarter was not as strong as originally anticipated due to weak economic conditions in Europe and Canada and delayed business from Asia. We expect continued improvement in the fourth quarter, especially in profitability levels, for a strong finish on the year. Domestic business is healthy and we are very encouraged by the interest in the multimedia approach for communications systems of the future. It's an exciting time to be in this industry."
 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.
 March 26, March 27,
 Thirteen Weeks Ended 1993 1992
 Net Sales $14,467,000 $15,120,000
 Net Income $ 819,000 $ 1,031,000
 Earnings Per Share $ 0.18 $ 0.23
 Weighted Average Number of 4,641,000 4,560,000
 Common Shares Outstanding
 March 26, March 27,
 Thirty-nine Weeks Ended 1993 1992
 Net Sales $41,324,000 $35,586,000
 Net Income $ 2,585,000 $ 1,427,000
 Earnings Per Share $ 0.56 $ 0.31
 Weighted Average Number of
 Common Shares Outstanding 4,604,000 4,549,000
 CONSOLIDATED INCOME STATEMENTS
 (unaudited, in thousands of dollars except per share amounts)
 Thirteen Weeks Ended
 March 26, March 27, INCREASE
 1993 1992 (DECREASE)
 percent
 NET SALES $14,467 $15,120 ( 4)
 Cost of Sales 9,521 10,007 ( 5)
 Sales and Administrative 2,758 2,519 9
 Research and Product
 Development Costs 856 703 22
 Other Expenses 112 173 (35)
 13,247 13,402 ( 1)
 INCOME FROM OPERATIONS
 BEFORE INCOME TAXES 1,220 1,718
 INCOME TAXES 401 687
 NET INCOME $ 819 $ 1,031
 EARNINGS PER SHARE $ 0.18 $ 0.23
 WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING 4,641,000 4,560,000
 CONSOLIDATED BALANCE SHEETS
 (unaudited, in thousands of dollars)
 March 26, March 27,
 1993 1992
 ASSETS
 CURRENT ASSETS
 Cash and Cash Equivalents $ 5,039 $ 3,627
 Marketable Securities 2,888 0
 Receivables 9,345 10,052
 Inventories 9,032 9,216
 Other 1,281 1,916
 TOTAL CURRENT ASSETS 27,585 24,811
 Long-Term Notes Receivable
 and Other Assets 12 48
 Intangible Assets 2,570 2,969
 Property, Plant, and Equipment 5,596 5,368
 TOTAL $ 35,763 $ 33,196
 LIABILITIES AND SHAREHOLDERS' EQUITY
 CURRENT LIABILITIES
 Payables and Accruals $ 5,729 $ 5,841
 Income Taxes Currently Payable 446 1,220
 Current Portion of Long-Term Debt 122 199
 TOTAL CURRENT LIABILITIES 6,297 7,260
 LONG-TERM DEBT 508 782
 OTHER LONG-TERM LIABILITIES 415 279
 SHAREHOLDERS' EQUITY 28,543 24,875
 TOTAL $ 35,763 $ 33,196
 /delval/
 -0- 4/13/93
 /CONTACT: Sally O. Thiel, manager corporate communications of C-COR Electronics, 814-231-4402/
 (CCBL)


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

CD -- PG002 -- 5053 04/13/93 08:25 EDT
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