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COMDISCO ANNOUNCES FIRST QUARTER EARNINGS, DECLARES QUARTERLY CASH DIVIDEND AND 5 PERCENT STOCK DIVIDEND

 COMDISCO ANNOUNCES FIRST QUARTER EARNINGS,
 DECLARES QUARTERLY CASH DIVIDEND AND 5 PERCENT STOCK DIVIDEND
 ROSEMONT, Ill., Jan. 22 /PRNewswire/ -- Comdisco, Inc. (NYSE: CDO) today announced earnings from continuing operations of $20 million, or $.52 per share, compared with $22 million, or $.57 per share, for the year earlier period.
 The company also announced revenues of $553 million for the first quarter of fiscal 1992, compared with $527 million for the year earlier period. For the three months ended Dec. 31, 1991, Comdisco wrote new leases with total lease payments of $588 million during the initial lease term, compared with $594 million for the prior year.
 Commenting on first quarter results, Kenneth N. Pontikes, chairman of the board and president, stated, "The decline in first quarter results as compared to last year reflects the continuing recession in the U.S. and many foreign markets. In the absence of an economic turnaround, the company anticipates continued pressure on its operating results for the balance of fiscal 1992."
 The board of directors today declared a quarterly cash dividend of $.07 per share. The dividend will be payable on March 16, 1992 to stockholders of record as of Feb. 14, 1992. The board also announced a 5 percent stock dividend which will be distributed to stockholders during March 1992. Comdisco currently has 38,630,128 shares of common stock outstanding.
 Comdisco is engaged primarily in buying, selling and leasing new and used computer equipment, communications and other high technology equipment. The company, through a wholly owned subsidiary, provides disaster recovery services for computer users.
 COMDISCO, INC.
 Financial Highlights
 (Unaudited, in millions except per share data)
 Percent Increase/
 Three months ended Dec. 31 1991 1990 (Decrease)
 Revenue
 Leasing
 Operating $297 $283 5
 Direct financing 50 59 -15
 Sales-type 90 62 45
 Total leasing 437 404 8
 Sales 62 83 -25
 Disaster recovery 42 34 24
 Other 12 6 100
 Total revenue 553 527 5
 Cost and expenses
 Leasing
 Operating 215 207 4
 Sales-type 71 44 61
 Total leasing 286 251 14
 Sales 54 72 -25
 Disaster recovery 38 30 27
 Selling, general & administrative 51 46 11
 Interest 90 92 -2
 Total costs and expenses 519 491 6
 Earnings from continuing operations
 before income taxes 34 36 -6
 Income taxes 14 14 --
 Earnings from continuing operations 20 22 -9
 Earnings from discontinued oil
 and gas activities (net of income
 taxes) -- 1 -100
 Net earnings 20 23 -13
 Retained earnings at beginning
 of period 632 574
 Net earnings 20 23
 Dividends paid (3) (3)
 Retained earnings at end of
 period 649 594
 Net earnings per common and
 common equivalent share:
 Earnings from continuing oper. 0.52 0.57
 Earnings from discontinued
 oil and gas activities -- 0.03
 Net earnings 0.52 0.60
 Common and common equivalent
 shares outstanding 39 39
 -0- 1/22/92
 /CONTACT: James J. Hyland of Comdisco, 708-698-3000/
 (CDO) CO: Comdisco, Inc. ST: Illinois IN: CPR SU: ERN DIV


JT-FC -- NY100 -- 2544 01/22/92 18:16 EST
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Date:Jan 22, 1992
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