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DALLAS SEMICONDUCTOR CORPORATION REPORTS RECORD REVENUES AND NET INCOME FOR THE SECOND QUARTER 1992

 DALLAS SEMICONDUCTOR CORPORATION REPORTS RECORD REVENUES
 AND NET INCOME FOR THE SECOND QUARTER 1992
 DALLAS, July 9 /PRNewswire/ -- Dallas Semiconductor Corporation (NYSE: DS) today reported a record $30,029,000 net sales for the second quarter of 1992 compared to $28,494,000 net sales for the second quarter of 1991. Net income for the second quarter of 1992, also a record, was $4,656,000 ($0.18 per share), compared to $4,124,000 ($0.16 per share) for the second quarter of 1991.
 "The Company posted net sales at an all time record level for the second quarter of 1992, surpassing the previous record established in the second quarter of last year. The sales increase, combined with our continued focus on cost control, has generated record levels of both operating income and net income," C. V. Prothro, the company's president and chief executive officer, said. The 19 percent net sales increase over the first quarter of 1992 resulted primarily from increased demand by U.S. distributors and was spread broadly over a number of the company's product families, including such mainstays as Intelligent Sockets, Silicon Timed Circuits, System Extension and Telecommunications. "We were particularly gratified with increased sales of products in areas other than Timekeeping. More than half of the sales increases can be attributed to non-personal computer related products and NVRAMs," Prothro said.
 "It is difficult to determine if the surge of orders which began in February is the result of real demand which, if continued, would propel the company to new levels of growth or merely inventory restocking related to the nation's economic recession. In any event we are pleased to have this kind of momentum going into the normally slower summer season," Prothro said.
 Dallas Semiconductor Corporation develops, manufactures and markets high performance complementary metal oxide silicon (CMOS) integrated circuits and semiconductor-based systems that provide innovative and cost-effective solutions to electronic design problems in a wide range of existing and emerging markets.
 DALLAS SEMICONDUCTOR CORPORATION
 Financial Highlights
 (Unaudited)
 Fiscal Quarter Ended
 June 28, 1992 March 29, 1992 June 30, 1991
 Net sales $30,029,000 $25,294,000 $28,494,000
 Operating Income $ 6,672,000 $ 5,035,000 $ 5,566,000
 Net income $ 4,656,000 $ 3,623,000 $ 4,124,000
 Net income per
 share $ 0.18 $ 0.14 $ 0.16
 Weighted average
 common and common
 equivalent shares
 outstanding 25,812,000 25,817,000 25,846,000
 Six months ended
 June 28, 1992 June 30, 1991
 Net sales $55,323,000 $56,018,000
 Operating Income $11,707,000 $11,089,000
 Net income $ 8,279,000 $ 8,144,000
 Net income per
 share $ 0.32 $ 0.32
 Weighted average
 common and common
 equivalent shares
 outstanding 25,815,000 25,700,000
 CONSOLIDATED STATEMENTS OF INCOME
 (Thousands except per share amounts)
 (Unaudited)
 Fiscal quarter ended
 June 28, 1992 March 29, 1992 June 30, 1991
 Net sales $ 30,029 $ 25,294 $ 28,494
 Cost of sales 14,811 12,696 14,144
 Selling, general
 and administrative 4,397 3,922 4,690
 Research and
 development 4,149 3,641 4,094
 Total costs and
 expenses 23,357 20,259 22,928
 Operating income 6,672 5,035 5,566
 Interest income, net 603 626 683
 Income before
 income taxes 7,275 5,661 6,249
 Provision for
 income taxes 2,619 2,038 2,125
 Net income $ 4,656 $ 3,623 $ 4,124
 Net income per
 share $ 0.18 $ 0.14 $ 0.16
 Weighted average
 common and common
 equivalent shares
 outstanding 25,812 25,817 25,846
 CONSOLIDATED BALANCE SHEETS
 (Thousands)
 June 28, 1992 Dec. 29, 1991
 (unaudited)
 Assets
 Current assets:
 Cash and investments $ 27,621 $ 45,797
 Accounts receivable 15,059 10,835
 Inventories 19,242 21,324
 Other current assets 1,981 2,418
 Total current assets 63,903 80,374
 Property, plant and
 equipment, net 38,926 39,579
 Long-term investments 31,534 7,234
 Other assets 2,093 1,983
 Total $ 136,456 $ 129,170
 Liabilities and Stockholders' Equity
 Current liabilities:
 Accounts payable $ 5,970 $ 3,834
 Current maturities of
 long-term debt and
 capitalized lease
 obligations 1,402 1,704
 Accrued salaries and
 benefits 2,950 2,221
 Income taxes payable 542 1,140
 Other accrued liabilities 2,138 2,648
 Total current liabilities 13,002 11,547
 Capital lease obligations 661 1,289
 Long-term debt -- 2,983
 Stockholders' equity:
 Common stock 488 484
 Additional paid-in capital 71,955 70,796
 Retained earnings 50,350 42,071
 Total stockholders' equity 122,793 113,351
 Total $ 136,456 $ 129,170
 -0- 7/9/92
 /CONTACT: Alan P. Hale, vice president of finance of Dallas Semiconductor, 214-450-0968/
 (DS) CO: Dallas Semiconductor Corporation ST: Texas IN: CPR SU: ERN


TM -- NY071 -- 8044 07/09/92 17:21 EDT
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