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HURCO REDUCES QUARTERLY DIVIDEND

 HURCO REDUCES QUARTERLY DIVIDEND
 INDIANAPOLIS, July 14 /PRNewswire/ -- The board of directors of


Hurco Companies, Inc. (NASDAQ: HURC) voted today to reduce its quarterly dividend to $.02 per common share from $.05. The dividend will be payable on Aug. 31, 1992 to shareholders of record on Aug. 3, 1992.
 The directors' decision reflects the inability to accurately predict the return to health of the worldwide economy and particularly the machine tool industry. Although management has taken certain actions and is considering others to stem losses, the company expects to report a loss for the third quarter. Hurco, however, remains committed to its technology programs deemed essential to long-term profitability. Consequently, the directors decided that reducing the quarterly dividend is the most prudent use of shareholder assets in the current environment.
 Hurco Companies, Inc. is one of the largest manufacturers of computer numerical control systems designed and built in the United States for stand-alone machine tools. The end market for the company's products consists primarily of independent job shops and short-run manufacturing operations within large corporations in industries such as the aerospace, defense, medical equipment, energy, transportation and computer industries. The company is based in Indianapolis, has additional manufacturing facilities in Detroit, Phoenix, AZ, and High Wycombe, England, and has sales, application engineering and service subsidiaries in Munich, Germany, Paris, France and Singapore. Products are sold through 145 independent agents and distributors in the United States and 32 other countries. The company also has direct sales forces in the United States, the United Kingdom, Germany, France and Asia.
 -0- 7/14/92
 /CONTACT: Michael K. Campbell, senior vice president and chief financial officer of Hurco Companies, Inc., 317-293-5309/
 (HURC) CO: Hurco Companies, Inc. ST: Indiana IN: MAC SU: DIV


KK -- CL009 -- 8969 07/14/92 09:10 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
Words:297
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