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COMMODORE REPORTS THIRD FISCAL QUARTER RESULTS

 COMMODORE REPORTS THIRD FISCAL QUARTER RESULTS
 NEW YORK, April 29 /PRNewswire/ -- Commodore International Limited


(NYSE: CBU) today reported earnings of $4.1 million, or $0.12 per share on sales of $194.6 million for the third fiscal quarter ended March 31, 1992.
 This compares with net income of $1.4 million, or $0.04 per share after extraordinary charge on sales of $246.3 million in the year-ago quarter.
 For the nine months ended March 31, 1992, Commodore reported net income of $49.5 million, or $1.47 per share on sales of $770.3 million. This compares with net income of $44.9 million, or $1.37 per share after extraordinary charge on sales of $830.7 million in the prior year.
 The decline in sales for the quarter was primarily due to the discontinuation of the unprofitable low-end MS-DOS range, and a reduction in C64 sales, due to economic softness in certain markets. This was partially offset by a 10 percent increase in unit sales of the Amiga line along with continued growth in the Professional PC line.
 Gross profit for the quarter declined, primarily reflecting the impact of lower revenues, partially offset by the favorable impact of hedging activities. Operating expenses were reduced by 25 percent vs. the prior year. These factors resulted in net income for the quarter of $4.1 million.
 Irving Gould, chairman and chief executive officer stated: "Revenues and profitability for the quarter were adversely impacted by the weak global economic environment. However, we are encouraged by the continued growth in the Amiga and Professional PC lines. Furthermore, Commodore's range of products has been enhanced with the recent introduction of the Amiga 600 and 600HD, a new line of consumer products which have been well received in the marketplace."
 Commodore International Limited, through its operating subsidiaries around the world, manufactures 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
 Consolidated Balance Sheets
 (Unaudited; $000's)
 March 31 1992 1991
 Cash and Investments $60,800 $101,300
 Accounts Receivable, Net 255,400 221,300
 Inventories 202,200 245,300
 Other Current Assets 9,400 8,800
 Total Current Assets 527,800 576,700
 Other Assets 108,200 91,400
 Total $636,000 $668,100
 Current Debt (A) $ 71,800 $ 99,800
 Other Current Liabilities 165,800 195,200
 Total Current Liabilities $237,600 $295,000
 Long-Term Debt and Other 60,300 72,700
 Shareholders' Equity 338,100 300,400
 Total $636,000 $668,100
 (A) At March 31, 1991 includes reclassification of $59.5 million long-term debt.
 COMMODORE INTERNATIONAL LIMITED AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited; 000's)
 Periods ended Three Months Nine Months
 March 31 1992 1991 1992 1991
 Net Sales $194,600 $246,300 $770,300 $830,700
 Cost of Sales 140,300 166,660 538,300 552,300
 Gross Profit 54,300 79,700 232,000 278,400
 Operating Expenes 49,100 65,300 168,600 205,100
 Operating Income 5,200 14,400 63,400 73,300
 Interest Expense, Net 2,800 3,100 11,200 12,000
 Other Expense (Income) (1,900) 400 (100) 4,400
 Income Before
 Income Taxes 4,300 10,900 52,300 56,900
 Provision for
 Income Taxes 200 300 2,800 2,800
 Income Before
 Extraordinary Item 4,100 10,600 49,500 54,100
 Extraordinary Item (A) --- (9,200) --- (9,200)
 Net Income $ 4,100 $ 1,400 $ 49,500 $ 44,900
 Earnings Per Share:
 Income Before
 Extraordinary Item $.12 $.32 $1.47 $1.65
 Extraordinary Item (A) --- (.28) --- (.28)
 Net Income $.12 $.04 $1.47 $1.37
 Average Shares
 Outstanding 34,137,000 33,586,000 33,782,000 32,847,000
 /delval/
 -0- 4/29/92
 /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


MP -- PH006 -- 4185 04/29/92 09:00 EDT
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Date:Apr 29, 1992
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