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MICROCOM ANNOUNCES THIRD QUARTER FINANCIAL RESULTS

 NORWOOD, Mass., Jan. 14 /PRNewswire/ -- Microcom, Inc., (NASDAQ: MNPI) today reported financial results for the company's third quarter of fiscal year 1994.
 For the three months ended Dec. 31, 1993, the company reported revenue of $14,849,000 with income from operations of $348,000 and a net income per share of 3 cents. This compares to revenue of $12,471,000 with income from operations of $79,000 and a net income per share of 1 cent for the second quarter of fiscal year 1994.
 According to James M. Dow, president and chief executive officer, "We are encouraged by the 19% quarter to quarter growth in revenues and approximately a $200,000 growth in net income over the previous quarter. The increase in earnings is particularly promising because it includes a non-recurring charge of approximately 2 cents per share related to the costs of operating and divesting the Client Server Technologies Group, which the company sold as of Dec. 31, 1993 to Central Point Software. We are also pleased to see the demand for our new V.fast modem products exceeding our initial planning estimates."
 Microcom's Annual Report and interim reports are distributed regularly to stockholders. In addition, the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission are available upon request to: Chief Financial Officer, Microcom, Inc., 500 River Ridge Dr., Norwood, MA 02062.
 NOTE: Based in Norwood, Mass., Microcom(R), Inc. is a leading developer of software and hardware for connecting remote offices and mobile professionals to central site LANs and PCs. The company's principal products include Carbon Copy(TM) remote communications software, DeskPorte(TM) Fast, TravelPorte(TM) Fast, MicroPorte(TM), TravelPorte(TM), DeskPorte(TM) and QX(TM) high-speed portable and desktop modems, HDMS(TM) modem management system and Microcom Bridge/Router(TM) internetworking products. Microcom also develops MNP(R), the Microcom Networking Protocols found in more than 15 million modems worldwide.
 Microcom MNP is a registered trademark of Microcom Systems, Inc. Microcom Networking Protocol. Carbon Copy, TravelPorte, DeskPorte, MicroPorte, QX and Microcom Bridge/Router are trademarks of Microcom Systems, Inc.
 MICROCOM, INC.
 Condensed Consolidated Statement of Operations
 For the Three and Nine Months Ended Dec. 31, 1993 and 1992
 (Unaudited, in thousands, except per share amounts)
 Three months Ended Nine months Ended
 1993 1992 1993 1992
 Net sales $14,849 $16,597 $39,376 $53,408
 Cost of sales 7,384 8,305 20,070 25,647
 Gross margin 7,465 8,292 19,306 27,761
 Operating expenses:
 Research and development 2,337 2,838 6,859 10,843
 Sales and marketing 3,468 5,152 11,454 15,183
 General and administrative 1,312 1,504 4,252 4,453
 Restructuring costs --- (1,532) 6,500 4,268
 Total operating expenses 7,117 7,962 29,065 34,747
 Income (loss) from opers. 348 330 (9,759) (6,986)
 Interest income 1 17 36 42
 Interest expense (54) (30) (185) (108)
 Other income, net --- 118 --- 57
 Inc. (loss) before income
 taxes 295 435 (9,908) (6,995)
 Provision for income taxes 30 50 61 70
 Net income (loss) $265 $385 $(9,969) $(7,065)
 Net inc. (loss) per share 3 cents 4 cents $(1.01)(74 cents)
 Weighted average number
 of shares 10,363 10,294 9,913 9,589
 Shares issued and outstng. 10,378 9,670 10,378 9,670
 MICROCOM, INC.
 Condensed Consolidated Balance Sheet
 (In thousands)
 ASSETS 12/31/93 3/31/93
 Current Assets:
 Cash and cash equivalents $5,221 $9,108
 Accounts receivable, net 12,025 13,366
 Inventories 4,480 5,671
 Prepaid expenses 1,046 1,255
 Total current assets 22,772 29,400
 Property and equipment, net 5,707 6,932
 Other assets, net 7,611 9,521
 Total $36,090 $45,853
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current Liabilities:
 Current portion of capitalized
 leases $304 $280
 Accounts payable 4,957 3,924
 Accrued restructuring costs 1,341 233
 Accrued expenses 1,935 4,134
 Total current liabilities 8,537 8,571
 Long-term portion of capitalized
 leases 531 762
 Commitments
 Stockholders' equity:
 Common stock 116 107
 Capital in excess of par value 58,169 55,903
 Stock loans - related parties (1,433) (116)
 Unrealized loss on marketable
 securities (534) ---
 Accumulated deficit (26,406) (16,437)
 Treasury stock (2,613) (2,613)
 Cumulative translation adjustment (277) (324)
 Total stockholders' equity 27,022 36,520
 Total $36,090 $45,853
 -0- 1/14/94
 /CONTACT: James M. Dow, president and CEO, 617-551-1369, or Peter J. Minihane, executive vp and CFO, 617-551-1236, both of Microcom/
 (MNPI)


CO: Microcom, Inc. ST: Massachusetts IN: CPR SU: ERN

JL-DJ -- NE005 -- 1171 01/14/94 10:35 EST
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