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COMMODORE ANNOUNCES FIRST QUARTER RESULTS

 COMMODORE ANNOUNCES FIRST QUARTER RESULTS
 NEW YORK, Nov. 5 /PRNewswire/ -- Commodore International Limited


(NYSE: CBU) today reported a net loss of $18.8 million, or $0.57 per share on sales of $158.6 million for the first fiscal quarter ended Sept. 30, 1992.
 This compares with earnings of $5.3 million, or $0.16 per share on sales of $204.1 million in the year-ago quarter.
 The decline in sales for the quarter was attributable to the economic softness in the European consumer markets, primarily Germany. Weak consumer market conditions had an impact on C64 and Amiga sales, while total PC revenues increased compared with the prior year.
 Although an operating loss was recorded for the quarter, primarily due to a sales decline, the loss was significantly lower than the operating loss recorded in the June quarter. Operating expenses continued to be managed tightly and were significantly below the prior year and the June quarter.
 Irving Gould, chairman and chief executive officer, stated: "We are disappointed with our first quarter results and will continue to concentrate on controlling expenses while focusing our efforts on sales for the Christmas quarter."
 Commodore International Limited, through its operating subsidiaries around the world, manufacturers and markets personal computers to customers in the professional, government, education and consumer market sectors. The company has four product lines: the Amiga multimedia computers, the MS-DOS PC compatibles, the C64 computers, and the CDTV.
 COMMODORE INTERNATIONAL LIMITED AND SUBSIDIARIES
 Condensed Consolidated Statements of Operations
 (Unaudited; dollars in thousands)
 Three Months Ended Sept. 30 1992 1991
 Net Sales $158,600 $204,100
 Cost of Sales 133,400 147,000
 Gross Profit 25,200 57,100
 Operating Expenses 37,500 46,400
 Operating Income (Loss) (12,300) 10,700
 Interest Expense, Net 4,100 3,900
 Other Expense 2,200 1,000
 Income (Loss) Before
 Income Taxes (18,600) 5,800
 Provision for
 Income Taxes 200 500
 Net Income (Loss) $(18,800) $ 5,300
 Earnings (Loss) Per Share: $(.57) $.16
 Average Shares
 Outstanding 33,047,000 33,175,000
 COMMODORE INTERNATIONAL LIMITED AND SUBSIDIARIES
 Condensed Consolidated Balance Sheets
 (Unaudited; dollars in thousands)
 Sept. 30, 1992 Sept. 30, 1991
 Cash and Equivalents $ 40,700 $ 64,400
 Accounts Receivable, Net 258,100 248,300
 Inventories 215,700 243,800
 Other Current Assets 15,800 13,700
 Total Current Assets 530,300 570,200
 Fixed and Other Assets 112,300 106,600
 Total $642,600 $676,800
 Current Debt $ 95,900 $103,400
 Other Current Liabilities 175,600 184,300
 Total Current Liabilities 271,500 287,700
 Long-Term Debt and Other 65,500 86,100
 Shareholders' Equity 305,600 303,000
 Total $642,600 $676,800
 /delval/
 -0- 11/5/92
 /CONTACT: Ronald B. Alexander, chief financial officer and secretary of Commodore International Limited, 215-431-9100/
 (CBU) CO: Commodore International ST: Pennsylvania IN: CPR SU: ERN


MK -- PH004 -- 2824 11/05/92 08:05 EST
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Date:Nov 5, 1992
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