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DALLAS SEMICONDUCTOR CORPORATION REPORTS RECORD REVENUES AND NET INCOME FOR THE SECOND QUARTER OF 1993

 DALLAS, July 15 /PRNewswire/ -- Dallas Semiconductor Corporation (NYSE: DS) today reported that it recorded a record $38,346,000 net sales for the second quarter of 1993, up 28 percent compared with $30,029,000 net sales for the second quarter of 1992.
 Net income for the second quarter of 1993 was also a record $6,145,000 ($0.23 per share), up 32 percent compared with $4,656,000 ($0.18 per share) for the second quarter of 1992.
 "Sales growth continued broadly across the company's product families with the largest portion of the sales growth occurring in products used in the communications market. The company also continued to make gains in products used in the personal computer and industrial equipment markets," Mr. C.V. Prothro, the company's president and chief executive officer, said. "Bookings throughout the quarter were strong and we are pleased to begin the third quarter with a record high backlog," Mr. Prothro concluded.
 Dallas Semiconductor Corporation develops, manufactures and markets high performance Complementary Metal Oxide Semiconductor (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
 (Thousands except per share amounts)
 (Unaudited)


Fiscal quarter ended July 4, 1993 April 4, 1993 June 28, 1992
Net sales $38,346 $35,503 $30,029
Operating income $ 8,927 $ 8,074 $ 6,672
Net income $ 6,145 $ 5,604 $ 4,656
Net income per share $0.23 $0.21 $0.18


Weighted average common and common equivalent
 shares outstanding 26,762 26,752 25,812
Six months ended July 4, 1993 June 28, 1992
Net sales $73,849 $55,323
Operating income $17,001 $11,707
Net income $11,749 $ 8,279
Net income per share $0.44 $0.32


Weighted average common and common equivalent
 shares outstanding 26,757 25,815
 CONSOLIDATED STATEMENTS OF INCOME
 (Thousands except per share amounts)
 (Unaudited)
Fiscal quarter ended July 4, 1993 April 4, 1993 June 28, 1992
Net sales $38,346 $35,503 $30,029
Cost of sales 19,073 17,688 14,811
Research and development 4,827 4,625 4,149


Selling, general and
 administrative 5,519 5,116 4,397
Total costs and expenses 29,419 27,429 23,357
Operating income 8,927 8,074 6,672
Interest income, net 674 682 603
Income before income taxes 9,601 8,756 7,275
Provision for income taxes 3,456 3,152 2,619
Net income $ 6,145 $ 5,604 $ 4,656
Net income per share $0.23 $0.21 $0.18


Weighted average common and common equivalent
 shares outstanding 26,762 26,752 25,812
 CONSOLIDATED STATEMENTS OF INCOME
 (Thousands except per share amounts)
 (Unaudited)
Six months ended July 4, 1993 June 28, 1992
Net sales $73,849 $55,323
Cost of sales 36,761 27,507
Research and development 9,452 7,790


Selling, general
 and administrative 10,635 8,319
Total costs and expenses 56,848 43,616
Operating income 17,001 11,707
Interest income, net 1,356 1,229
Income before income taxes 18,357 12,936
Provision for income taxes 6,608 4,657
Net income $11,749 $ 8,279
Net income per share $0.44 $0.32


Weighted average common and common equivalent
 shares outstanding 26,757 25,815
 CONSOLIDATED BALANCE SHEETS
 (Thousands)
 (unaudited)
 July 4, 1993 January 3, 1993


Assets Current assets:
Cash and investments $ 19,918 $ 21,768
Accounts receivable 21,183 17,810
Inventories 30,321 25,825
Other current assets 2,734 2,620
Total current assets 74,156 68,023
Property, plant and equipment, net 47,216 42,222


Investments (municipal bonds, U.S. government agency
 obligations, corporate notes) 42,409 44,031
Other assets 2,119 1,971
 $165,900 $156,247


Liabilities and Stockholders' Equity Current liabilities:
Accounts payable $ 8,348 $ 10,403
Accrued salaries and benefits 4,143 5,231
Other accrued liabilities 2,659 2,209


Current maturities of
 capitalized lease obligations 661 1,289
Income taxes payable 1,108 1,440
Total current liabilities 16,919 20,572


Stockholders' equity:
Common stock 500 496
Additional paid-in capital 76,109 74,556
Retained earnings 72,372 60,623
Total stockholders' equity 148,981 135,675
 $165,900 $156,247
 -0- 7/15/93
 /CONTACT: Alan P. Hale, vice president - finance of Dallas Semiconductor Corporation, 214-450-0968, or fax, 214-450-3748./
 (DS)


CO: Dallas Semiconductor Corporation ST: Texas IN: CPR SU: ERN

MP -- NY095 -- 2196 07/15/93 16:39 EDT
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Date:Jul 15, 1993
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