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

 DALLAS SEMICONDUCTOR CORPORATION REPORTS REVENUES AND NET INCOME
 FOR THE FIRST QUARTER 1992
 DALLAS, April 9 /PRNewswire/ -- Dallas Semiconductor Corporation (NYSE: DS) today reported $25,294,000 in net sales for the first quarter of 1992 compared to $27,524,000 in net sales for the first quarter of 1991. Net income for the first quarter of 1992 was $3,623,000 ($0.14 per share), compared to $4,020,000 ($0.16 per share) for the first quarter of 1991.
 C. V. Prothro, chairman, chief executive officer and president, stated that, "The company's net sales showed improvement over the last two quarters of 1991. We are hopeful that this reflects the beginning of a recovery in the semiconductor industry. We believe that Dallas Semiconductor is well positioned to meet product demand when the industry rebounds."
 Prothro stated, "We are encouraged by the fact that net sales for several product families were at record levels during the first quarter of 1992, helping to further reduce dependence on the Timekeeping family, which showed slight growth during the first quarter of 1992. We are also pleased that despite depressed sales we have been able to maintain our profitability, keeping operating income at a healthy 19.9 percent of net sales."
 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)
 Quarter ended 3/29/92 12/29/91 3/31/91
 Net sales $25,294,000 $22,791,000 $27,524,000
 Operating income $ 5,035,000 $ 4,648,000 $ 5,523,000
 Net income $ 3,623,000 $ 3,025,000 $ 4,020,000
 Net income
 per share $0.14 $0.12 $0.16
 Weighted average
 common and
 common equivalent
 shares out-
 standing 25,817,000 25,480,000 25,553,000
 CONSOLIDATED STATEMENTS OF INCOME
 (Thousands except per share amounts)
 (Unaudited)
 Quarter ended 3/29/92 12/29/91 3/31/91
 Net sales $25,294 $22,791 $27,524
 Cost of sales 12,696 11,525 13,639
 SG&A 3,922 3,496 4,314
 Research &
 development 3,641 3,122 4,048
 Total costs
 & expenses 20,259 18,143 22,001
 Operating income 5,035 4,648 5,523
 Interest income, net 626 623 568
 Income before income
 taxes 5,661 5,271 6,091
 Provision for income
 taxes 2,038 2,246 2,071
 Net income $ 3,623 $ 3,025 $ 4,020
 Net income per share $0.14 $0.12 $0.16
 Weighted average
 common & common
 equivalent shares
 outstanding 25,817 25,480 25,553
 CONSOLIDATED BALANCE SHEETS
 (in Thousands)
 (unaudited)
 March 29, 1992 December 29, 1991
 Assets
 Current assets:
 Cash and investments $ 37,260 $ 45,797
 Accounts receivable 12,253 10,835
 Inventories 20,764 21,324
 Other current assets 2,439 2,418
 Total current assets 72,716 80,374
 Property, plant and
 equipment, net 39,759 39,579
 Long-term investments 18,224 7,234
 Other assets 1,963 1,983
 Total $132,662 $129,170
 Liabilities and
 Stockholders' Equity
 Current liabilities:
 Accounts payable $ 5,547 $ 3,834
 Current maturities of
 long-term debt and
 capitalized lease
 obligations 1,521 1,704
 Accrued salaries and
 benefits 2,839 2,221
 Income taxes payable 1,708 1,140
 Other accrued liabilities 2,084 2,648
 Total current
 liabilities 13,699 11,547
 Capital lease obligations 948 1,289
 Long-term debt -- 2,983
 Stockholders' equity:
 Common stock 487 484
 Additional paid-in
 capital 71,834 70,796
 Retained earnings 45,694 42,071
 Total stockholders'
 equity 118,015 113,351
 Total $132,662 $129,170
 -0- 4/9/92
 /CONTACT: Alan P. Hale, vice president - finance of Dallas Semiconductor Corporation, 214-450-0968, or 214-450-3748 (fax)/
 (DS) CO: Dallas Semiconductor Corporation ST: Texas IN: CPR SU: ERN


AH -- NY087 -- 6955 04/09/92 16:55 EDT
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Date:Apr 9, 1992
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