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SUPERMAC TECHNOLOGY ANNOUNCES RECORD SECOND QUARTER REVENUES AND EARNINGS

 SUPERMAC TECHNOLOGY ANNOUNCES
 RECORD SECOND QUARTER REVENUES AND EARNINGS
 SUNNYVALE, Calif., July 21 /PRNewswire/ -- SuperMac Technology Inc. (NASDAQ-NMS: SMAC) today announced record sales and earnings for the second quarter and six months ended June 30, 1992. For the quarter, sales increased 39 percent to $28.5 million, up from $20.6 million in the quarter a year ago. Net income rose 117 percent to $1.4 million compared with $653,000 in the prior year quarter. Earnings per share were 20 cents, on 7.2 million average shares outstanding, compared with 10 cents, on 6.3 million shares outstanding in the second quarter of 1991. The increase in shares outstanding reflects the company's initial public offering of 1.2 million shares completed on May 15, 1992.
 For the six months, sales were $53.7 million, up 48 percent from $36.3 million in the same period last year. Net income rose 454 percent to $2.6 million from $473,000 in the first half of 1991. Year-to-date earnings per share were 38 cents, on 6.9 million average shares outstanding, compared with 8 cents, on 6.0 million shares in 1991.
 "We're very pleased, in our first report as a public company, to announce such exceptional performance," said Michael A. McConnell, SuperMac's president and chief executive officer. "Both revenues and earnings improved significantly over the same quarter a year ago and over our strong first quarter of 1992, contributing to a more than four-fold increase in earnings year to date.
 "Fueling our high revenue and earnings growth were strong sales in our color publishing and prepress product line, particularly our top-of- the-line Thunder/24(TM) Color Graphics Card and large-screen displays," McConnell explained. "In addition, we recorded the first volume shipments of the SuperMatch(TM) 17 Mulitmode Display during the quarter. And, SuperMac's award-winning VideoSpigot(TM) Digital-Video Frame Grabber, the first real-time, digital-video capture card for the Macintosh(R) computer, continued to show strong sell-through volume.
 "Ongoing product development is crucial to maintaining our momentum," said McConnell. "We continue to invest heavily in research and development, with spending up 55 percent year-to-date, in order to continue to bring a steady flow of cutting-edge products quickly to market. Fifteen of our 24 products were introduced in the last 18 months alone.
 "The success of our efforts is clearly illustrated by the performance of SuperMac's VideoSpigot," McConnell continued. "We shipped VideoSpigot within two weeks of Apple Computer's first shipment of QuickTime(TM), the new standard for integrating audio and video at the system level. Within a matter of months, VideoSpigot had become the number-one selling product in the emerging digital video market and garnered rave reviews from the industry press. MacUser magazine gave VideoSpigot a 4-1/2 mice rating. Macworld gave it four stars, and MacWEEK an 'excellent performance' rating."
 For the quarter, SuperMac achieved gross margins of 38.5 percent compared to 36.0 percent in the same quarter a year ago. "Increased demand for our higher-end products and manufacturing cost efficiencies on larger volumes of existing products contributed to higher gross margins for the quarter," McConnell explained. "Our product mix continues to shift to the higher-end, higher-performance 24 bit color graphics board." Higher margins and a lower expense burden contributed to a 108 percent increase in operating income to $2.3 million, up from $1.1 million in the second quarter of 1991. Strong Financial Position will Provide Foundation for Growth
 At June 30, 1992, SuperMac had cash and cash equivalents of $14.5 million, up from $4.6 million at the beginning of the year. The company received approximately $10 million in net proceeds from its initial public offering in May 1992. Obligations under long-term capital leases totaled $1.3 million at June 30, 1992. The company has no other long-term debt. At quarter end, shareholders' equity had increased to $31.1 million, up from $18.6 million at the beginning of the year. Looking Ahead
 "While we face a challenging competitive environment, we believe that SuperMac is well positioned to maintain its product and industry leadership position. Our top-of-the-line Thunder/24 graphics card ranks first in performance tests by Macworld, MacWEEK, and MacUser magazines. Our other 24-bit cards consistently outperform competing products in impartial tests. And, our displays and digital-video products continue to receive awards. MacWorld magazine recently selected SuperMac's SuperMatch 21 Two-Page Color Display as an Editor's Choice.
 "The public offering provided significant additional financial resources which will fund our continued growth. We remain committed to developing and producing leading edge products, and believe our extensive research and development efforts will pay large dividends with a continued stream of superior product introductions," McConnell said.
 "During the third quarter, we plan to respond to customer needs with several new products. In August, SuperMac will begin shipments of the ThunderStorm(TM) Accelerator, which provides the industry's fastest performance for many of the filters and functions in Adobe Photoshop software. We believe this product represents an important solution for prepress customers because it dramatically improves imaging functions that are among the most crucial tasks in color publishing and prepress but -- until ThunderStorm -- were some of the most time consuming."
 SuperMac designs products that accelerate and enhance the performance of Macintosh computer systems. The company is a leading supplier of graphics peripherals to the Macintosh color-publishing, business productivity, and digital video markets and has received numerous awards from the leading publications in the Macintosh industry. Its products include color graphics cards, large-screen color and gray- scale displays ranging from 17-21 inches, business productivity peripherals, and digital video solutions. The company went public on May 15, 1992, and currently has 6.6 million shares outstanding. SuperMac shares trade on the NASDAQ National Market System under the symbol SMAC.
 SuperMac Technology Inc.
 Selected Financial Information
 ($ in thousands)
 (Unaudited)
 Three Months Ended Six Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Income Statement
 Net sales $28,518 $20,561 $53,696 $36,326
 Cost of sales 17,535 13,170 33,069 23,649
 Gross profit 10,983 7,391 20,627 12,677
 Operating expenses
 Research and development 2,248 1,418 3,971 2,560
 Selling, general and
 administrative 6,404 4,854 12,264 9,210
 Total operating expense 8,652 6,272 16,235 11,770
 Operating income 2,331 1,119 4,392 907
 Other income (expense) (78) (78) (206) (141)
 Income before income taxes 2,253 1,041 4,186 766
 Income tax 837 388 1,568 293
 Net income $1,416 $ 653 $2,618 $ 473
 Earnings per share .20 .10 .38 .08
 Average shares outstanding 7,222 6,331 6,884 6,032
 6/30/92 12/31/91
 Balance sheet
 Cash and equivalents $ 14,459 $ 4,577
 Total assets 51,040 35,937
 Shareholders' equity 31,062 18,586
 -0- 7/21/92
 NOTE: SuperMac, SuperMac Technology, Thunder/24, ThunderStorm, SuperMatch, VideoSpigot and Digital Film are trademarks of SuperMac Technology. Adobe Photoshop is a trademark of Adobe Systems Inc., which may not be registered in certain jurisdictions. Macintosh is a registered trademark and QuickDraw is a trademark of Apple Computer Inc. All other brand or product names are trademarks of their respective holders.
 /CONTACT: Jim Heisch of SuperMac, 408-773-4410; or Lise Needham or Lillian Armstrong of the Financial Relations Board, 415-986-1591, for SuperMac/
 (SMAC) CO: SuperMac Technology Inc. ST: California IN: CPR SU: ERN


MM-DG -- SF005 -- 1138 07/21/92 09:08 EDT
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