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RAMTEK ANNOUNCES SECOND QUARTER RESULTS

 SAN JOSE, Calif., Feb. 8 /PRNewswire/ -- Ramtek Corp. (NASDAQ: RMTK) today announced that its net revenues for the quarter ended Jan. 1, 1993, were approximately $3,500,000, as compared to $3,023,000 for the same quarter of fiscal year 1992. The company reported a net income of $38,000, or 1 cent per share, for the quarter, as compared to a loss of $(2,224,000), or (44 cents) per share for the comparable period of fiscal year 1992. For the six months ended Jan. 1, 1993, net revenues were approximately $8,100,000, as compared to $6,182,000, for the comparable period in fiscal year 1992. Net income for the first six months of fiscal 1993 was $222,000, or 4 cents per share, as compared to a loss of $(2,215,000), or (44 cents) per share, for the same period in fiscal 1992. The company attributes the increase in net revenues to strong performance by its mature product line and additional sales generated by its wholly owned subsidiary, MegaTape Corp., acquired in the first quarter of fiscal year 1993. In addition, in the second quarter of fiscal 1992, the company recorded a $1.8 million restructuring charge primarily related to the discontinuance of its Millenium product introduced in fiscal 1990.
 During the second quarter of fiscal year 1993, Ramtek entered into an agreement with Mass Microsystems Inc. (NASDAQ: MMIC), a Sunnyvale, Calif. company, which provides for the merger of Ramtek and Mass Microsystems. Mass Microsystems develops, manufactures and markets peripherals compatible with the personal computers manufactured by Apple. The merger is subject to approval by the shareholders of Mass Microsystems and the stockholders of Ramtek and other customary closing conditions. (The parties anticipate closing the merger late in the quarter ending March 31, 1993.)
 "We are pleased with the results of operations for the second quarter of fiscal 1993, and are optimistic about the future of the company," commented Bill Finley, president and chief executive officer of Ramtek. "We are also excited about the merger between Ramtek and Mass Microsystems and potential for the growth of the combined company in the storage market."
 Ramtek Corp., founded in 1971, and headquartered in San Jose, designs and manufactures image processing, graphics display and mass storage back-up systems markets such as remote sensing, reconnaissance and surveillance, natural resource management, environmental studies, geographical sciences, command and control, forensic science, medical imaging and other information systems.
 RAMTEK CORP.
 CONSOLIDATED STATEMENTS OF INCOME
 (Unaudited, in thousands except per share amounts)
 Three Months Six Months
 Ended: Jan. 1, Dec. 31, Jan. 1, Dec. 31,
 1993 1991 1993 1991
 Revenue:
 Product sales $ 3,072 $ 2,448 $ 7,170 $ 4,970
 Service and other
 revenue 419 575 919 1,212
 Net revenue 3,491 3,023 8,089 6,182
 Costs and expenses:
 Cost of sales 2,006 1,517 4,617 2,963
 Restructuring charge
 and inventory
 write-off --- 1,800 --- 1,800
 Product development 293 578 747 1,132
 Selling, general and
 administrative 1,082 1,416 2,331 2,474
 Total costs and
 expenses 3,381 5,311 7,695 8,369
 Total 110 (2,288) 394 (2,187)
 Interest expense 47 16 100 28
 Income (loss) before
 income tax expense and
 extraordinary credit 62 (2,304) 294 (2,215)
 Provision (credit) for
 income taxes 25 (80) 118 0
 Income (loss) before
 extraordinary credit 38 (2,224) 176 (2,215)
 Extraordinary credit --
 utilization of net operating
 loss carryforward 0 --- 46 ---
 Net income (loss) $ 38 $(2,224) $ 222 $(2,215)
 Net income per share:
 Income (loss) before
 extraordinary
 credit $ 0.01 $ (0.44) $ 0.03 $ (0.44)
 Extraordinary credit 0.00 0.00 0.01 0.00
 Net income (loss)
 per share $ 0.01 $ (0.44) $ 0.04 $ (0.44)
 Weighted average
 common shares
 outstanding 6,149 5,107 5,878 5,071
 -0- 2/8/93
 /CONTACT: Bill R. Finley, president and chief executive officer of Ramtek, 408-954-2700/
 (RMTK MMIC)


CO: Ramtek Corp.; Mass Microsystems Inc. ST: California IN: CPR SU: ERN

GT-TM -- SJ009 -- 4363 02/08/93 18:44 EST
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Date:Feb 8, 1993
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