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RICHARDSON ELECTRONICS, LTD. REPORTSSECOND QUARTER FISCAL 1993 RESULTS

 LA FOX, Ill., Dec. 15 /PRNewswire/ -- Richardson Electronics, Ltd. (NASDAQ-NMS: RELL) reported revenues and earnings results for the second quarter and six months ended Nov. 30, 1992.
 The company announced sales for the second quarter of $41,213,000, slightly above last year's total of $41,062,000. Sales for the six month period were $77,807,000, compared to $77,623,000 the prior year. The Display Products Group continued its record performance with a 38 percent sales gain over the prior year.
 Net income for the second quarter increased to $1,193,000 or $.11 per share, compared with a net income of $484,000 or $.04 per share for the same period last year. For the six month period earnings increased to $2,143,000 or $.19 per share, up from last year's $556,000 or $.05 per share.
 Edward J. Richardson, chairman and CEO of Richardson stated, We continue to see improvement in our gross margins as a result of lower manufacturing underabsorption and better product mix. Selling, general and administrative costs remain well below last year's levels, reflecting our cost reduction efforts.''
 With expanded product opportunities, we are well positioned to experience enhanced earnings growth as sales gains materialize.''
 Richardson Electronics, Ltd. is a leading international distributor and manufacturer of electron tubes and power semiconductors with 21 locations throughout the world. Its stock is traded on the NASDAQ National Market System
under the symbol RELL.''
 RICHARDSON ELECTRONICS, LTD.
 Consolidated Condensed Statements of Income
 (In thousands, except per share amounts)
 Periods ended Nov. 30 Three months ended Six months ended
 1992 1991 1992 1991
 Net Sales $41,213 $41,062 $77,807 $77,623
 Costs and expenses:
 Cost of products sold 28,252 28,536 53,175 54,079
 Selling, general and
 administrative
 expenses 9,246 10,290 17,941 19,904
 Other expenses, net 1,862 1,417 3,288 2,699
 Total 39,360 40,243 74,404 76,682
 Income before
 income taxes 1,853 819 3,403 941
 Income taxes 660 335 1,260 385
 NET INCOME $ 1,193 $ 484 $ 2,143 $ 556
 Net income per share $ .11 $ .04 $ .19 $ .08
 Dividends declared per
 common share $ .04 $ .04 $ .08 $ .08
 Average shares
 outstanding 11,291 11,212 11,288 11,185
 -0- 12/15/92
 /CONTACT: Edward J. Richardson, president and CEO of Richardson Electronics, 708-208-2200/
 (RELL)


CO: Richardson Electonics, Ltd. ST: Illinois IN: CPR SU: ERN

TM -- NY091 -- 7475 12/15/92 19:05 EST
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Date:Dec 15, 1992
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