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PYRAMID WILL REPORT LARGER THAN EXPECTED REVENUE DECLINE AND OPERATING LOSS FOR ITS MARCH 1992 QUARTER

 PYRAMID WILL REPORT LARGER THAN EXPECTED REVENUE DECLINE
 AND OPERATING LOSS FOR ITS MARCH 1992 QUARTER
 SAN JOSE, Calif., April 8 /PRNewswire/ -- Pyramid Technology Corp. (NASDAQ/NMS: PYRD) announced today it expects to report revenues of approximately $43 million for its fiscal 1992 second quarter, ended March 27, 1992. This revenue shortfall, which is larger than anticipated by the company when it announced an expected loss for the quarter on March 19, 1992, resulted largely from delays in closing a significant level of sales opportunities at the end of the quarter. As a result, the company expects to report an operating loss for the quarter.
 The company will provide further details when it reports second quarter results on April 23, 1992.
 Founded in 1981, the San Jose-based company builds and markets the MIServer line of high availability servers to the open commercial marketplace. Pyramid's symmetric multiprocessing systems run the largest UNIX databases in the world, and are based on an enhanced commercial UNIX operating system, and incorporate the principles of reduced instruction set computing (RISC).
 -0- 4/8/92
 /CONTACT: Gary Valenzuela of Pyramid, 408-428-9000/
 (PYRD) CO: Pyramid Technology Corp. ST: California IN: CPR SU: ERN


RM-DG -- SJ003 -- 6422 04/08/92 16:30 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
Words:205
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