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

 DALLAS, Oct. 13 /PRNewswire/ -- Dallas Semiconductor Corporation (NYSE: DS) today reported a record $41,008,000 net sales for the third quarter of 1993, up 30 percent compared to $31,514,000 net sales for the third quarter of 1992.
 Net income for the third quarter of 1993, also a record, was $6,819,000 ($0.25 per share), up 37 percent from $4,966,000 ($0.19 per share) for the third quarter of 1992.
 Sales growth continued broadly across most of the company's product lines with products serving the telecommunications market remaining the growth leader. Timekeeping and other products serving the personal computer market also continued to grow and to make significant contributions to both revenues and earnings during the third quarter. Nonvolatile RAMs and the System Extension family of products, which includes both CPU Supervisors and Digital Resistors, also contributed nicely to the company's growth during the quarter.
 "Despite what is typically a slow summer period, orders remained strong during the quarter," Mr. C.V. Prothro, the company's president and chief executive officer, said. "While product mix may shift, we look forward to continued growth during the next quarter and beyond," 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 Oct. 3, 1993 July 4, 1993 Sept. 27, 1992
 Net sales $41,008 $38,346 $31,514
 Operating income $ 9,776 $ 8,927 $ 7,097
 Net income $ 6,819 $ 6,145 $ 4,966
 Net income per
 share $ 0.25 $ 0.23 $ 0.19
 Weighted average common
 and common equivalent
 shares outstanding 27,225 26,762 26,129
 Nine months ended Oct. 3, 1993 Sept. 27, 1992
 Net sales $114,857 $ 86,837
 Operating income $ 26,777 $ 18,804
 Net income $ 18,568 $ 13,245
 Net income per
 share $ 0.69 $ 0.51
 Weighted average common
 and common equivalent
 shares outstanding 26,913 25,919
 DALLAS SEMICONDUCTOR CORPORATION
 Consolidated Statements of Income
 (Thousands except per share amounts, unaudited)
 Fiscal quarter ended Oct. 3, July 4, Sept. 27,
 199 ? 1993 1992
 Net sales $41,008 $38,346 $31,514
 Cost of sales 20,420 19,073 15,464
 Research and development 4,919 4,827 4,326
 Selling, general and
 administrative 5,893 5,519 4,627
 Total costs and expenses 31,232 29,419 24,417
 Operating income 9,776 8,927 7,097
 Interest income, net 715 674 662
 Income before income taxes 10,491 9,601 7,759
 Provision for income taxes 3,672 3,456 2,793
 Net income $ 6,819 $ 6,145 $ 4,966
 Net income per share $ 0.25 $ 0.23 $ 0.19
 Weighted average common
 and common equivalent
 shares outstanding 27,225 26,762 26,129
 DALLAS SEMICONDUCTOR CORPORATION
 Consolidated Statements of Income
 (Thousands except per share amounts, unaudited)
 Nine months ended Oct. 3, 1993 Sept. 27, 1992
 Net sales $ 114,857 $ 86,837
 Cost of sales 57,181 42,971
 Research and development 14,371 12,116
 Selling, general and
 administrative 16,528 12,946
 Total costs and expenses 88,080 68,033
 Operating income 26,777 18,804
 Interest income, net 2,071 1,891
 Income before income taxes 28,848 20,695
 Provision for income taxes 10,280 7,450
 Net income $ 18,568 $ 13,245
 Net income per share $ 0.69 $ 0.51
 Weighted average common
 and common equivalent
 shares outstanding 26,913 25,919
 DALLAS SEMICONDUCTOR CORPORATION
 Consolidated Balance Sheets
 (Thousands, unaudited)
 Oct. 3, 1993 Jan. 3, 1993
 Assets
 Current assets:
 Cash and investments $ 29,723 $ 21,768
 Accounts receivable 24,828 17,810
 Inventories 29,336 25,825
 Other current assets 3,386 2,620
 Total current assets 87,273 68,023
 Property, plant and
 equipment, net 48,262 42,222
 Investments (municipal bonds, U.S.
 government agency obligations,
 corporate notes) 37,533 44,031
 Other assets 2,069 1,971
 Total assets $175,137 $156,247
 Liabilities and Stockholders' Equity
 Current liabilities:
 Accounts payable $ 8,614 $ 10,403
 Accrued salaries and benefits 4,743 5,231
 Other accrued liabilities 3,104 2,209
 Current maturities of capitalized
 lease obligations 405 1,289
 Income taxes payable 754 1,440
 Total current liabilities 17,620 20,572
 Stockholders' equity:
 Common stock 504 496
 Additional paid-in capital 77,822 74,556
 Retained earnings 79,191 60,623
 Total stockholders' equity 157,517 135,675
 Total $175,137 $156,247
 -0- 10/13/93
 /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

TM -- NY102 -- 1870 10/13/93 16:57 EDT
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Date:Oct 13, 1993
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