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STANFORD TELECOM REPORTS THIRD QUARTER FISCAL YEAR 1992 RESULTS

STANFORD TELECOM REPORTS THIRD QUARTER FISCAL YEAR 1992 RESULTS
 SANTA CLARA, Calif., Jan 30 /PRNewswire/ -- Stanford Telecommunications Inc. (NASDAQ: STII) reported today its third quarter fiscal year 1992 net income and earnings per share of $728,000 and $.15 decreased 18 percent and 17 percent respectively from the results posted for the third quarter of the previous fiscal year. Revenues of $20,623,000 recorded during the third quarter of fiscal year 1992 decreased 17 percent from revenues recognized one year ago.
 Net income and earnings per share for the first three quarters of fiscal year 1992 of $2,522,000 and $.51 both represent a 4 percent decrease from the results recorded for the first three quarters of fiscal year 1991. Revenues of $69,741,000 for the first three quarters of fiscal year 1992 decreased 6 percent from revenues of $74,581,000 posted for the corresponding period of the previous fiscal year.
 Funded contract bookings of $18,900,000 recorded during the third quarter of fiscal year 1992 compare with bookings of $36,500,000 recorded for the same quarter last fiscal year. Funded backlog at the end of the third quarter of fiscal year 1992 was $48,000,000 compared with $68,500,000 reported at the end of the third quarter of fiscal year 1991. Third quarter fiscal year 1992 bookings and backlog figures do not reflect the January 1992 award of $12,500,000 contract from the U.S. Air Force for Phase 1 of the Milstar Low Cost Terminal program.
 In announcing the results of the third quarter, Dr. James J. Spilker, Jr., chairman and president said, "The dynamics of change within the world's economic, political and social order will continue to impact our customer's procurement decisions. We remain confident in our ability to respond and benefit from such changes by focusing our technology on high quality, cost effective solutions to a growing customer base. In addition to developing new U.S. Government customers, the company has now successfully established itself as a nationally recognized supplier of ASIC products for satellite communications, wireless radios and cellular telephones. In the next several quarters we plan to broaden our customer base both domestically and internationally."
 STANFORD TELECOMMUNICATIONS INC.
 Condensed Summary of Income
 (In thousands except earnings per share)
 3rd Qtr Ended 31 Dec 1st 3 Qtrs ended 31 Dec
 FY'92 FY'91 Chg FY'92 FY'91 Chg
 (pct.) (pct.)
 Revenues $20,623 $24,963 (17) $69,741 $74,581 (6)
 Operating Earnings 1,218 1,635 (25) 4,550 5,011 (9)
 Other Income/
 (Exp), Net (73) (262) 72 (415) (743) 44
 Earnings Before
 Taxes 1,145 1,373 (16) 4,135 4,268 (3)
 Net Income 728 888 (18) 2,522 2,625 (4)
 Earnings per
 Share $.15 $.18 (17) $.51 $.53 (4)
 Weighted Avg
 Shares 4,889 4,864 (A) 4,931 4,930 (A)
 (A)Less than 1 pct.
 -0- 1/30/92
 /CONTACT: Gary Wolf of Stanford Telecommunications Inc., 408-980-5628/
 (STII) CO: Stanford Telecommunications Inc. ST: California IN: TLS SU: ERN


RM -- SJ001 -- 5107 01/30/92 09:30 EST
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Date:Jan 30, 1992
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