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SYMBOL FOURTH-QUARTER NET INCOME IS $.23 PER SHARE ON REVENUES OF $83.8 MILLION

 SYMBOL FOURTH-QUARTER NET INCOME IS $.23 PER SHARE
 ON REVENUES OF $83.8 MILLION
 BOHEMIA, N.Y., Feb. 13 /PRNewswire/ -- Symbol Technologies, Inc. (NYSE: SBL), the leading manufacturer of portable bar code data capture systems, today reported results for the three- and 12-month periods ended Dec. 31, 1991.
 Revenues for the fourth quarter were $83,833,000 compared with $62,904,000 in the corresponding year-earlier period. Fourth quarter net income was $5,866,000 (23 cents per share), compared with $2,573,000 (11 cents per share) for the quarter ended Dec. 31, 1990. Weighted average shares outstanding, fully diluted, for the quarter were 25,484,000 in 1991 and 23,259,000 in 1990.
 Revenues for the year ended Dec. 31, 1991, were $319,376,000 compared with $231,496,000 in the corresponding year-earlier period. Net income for the year ended Dec. 31, 1991, was $22,768,000 (90 cents per share), compared with $7,576,000 (33 cents per share) in the year- earlier 12-month period.


Weighted average shares outstanding, fully diluted, for the 12-month period were 25,295,000 in 1991 and 23,216,000 in 1990.
 "The fourth-quarter earnings and revenues were up significantly from the corresponding year-earlier period due to strong revenue growth worldwide. Sales of integrated scanning terminal products increased dramatically from the continued rollout of products to the United States Postal Service and Kmart Corporation," stated Jerome Swartz, chairman and chief executive officer.
 "Operating income doubled over last year due to higher volume and lower operating expenses as a percentage of revenues," added Raymond Martino, president and chief operating officer.
 Symbol Technologies, Inc., is the world leader in bar code-based data capture systems with more than one million scanners and terminals installed. The company designs, manufactures and markets bar code reading equipment, hand-held computers and radio frequency data communications products that are used as strategic building blocks in data collection systems for retailing, manufacturing, distribution, transportation and many other applications.
 SYMBOL TECHNOLOGIES, INC. AND SUBSIDIARIES
 Consolidated Statements of Earnings
 (All amounts in thousands, except per share data)
 Periods ended: Three months Year
 Dec. 31: 1991 1990 1991 1990
 (Unaudited)
 Net revenues $83,833 $62,904 $319,376 $231,496
 Cost of revenues 40,732 29,821 153,519 111,183
 Gross profit 43,101 33,083 165,857 120,313
 Operating expenses:
 Engineering 7,566 6,126 26,993 22,013
 SG&A 25,655 21,556 97,604 81,118
 Amortization of excess
 of cost over fair
 value of net assets
 acquired 673 654 2,653 2,592
 Total 33,894 28,336 127,250 105,723
 Earnings from operations 9,207 4,747 38,607 14,590
 Interest expense, net (421) (388) (1,884) (1,750)
 Earnings before provision
 for income taxes 8,786 4,359 36,723 12,840
 Provision for income taxes 2,920 1,786 13,955 5,264
 Net earnings 5,866 2,573 22,768 7,576
 Earnings per common share:
 Primary $0.23 $0.11 $0.91 $0.33
 Fully diluted 0.23 0.11 0.90 0.33
 Weighted average number of
 common shares outstanding:
 Primary 25,400 22,740 25,013 22,949
 Fully diluted 25,484 23,259 25,295 23,216
 Selected Balance Sheet Highlights
 (All amounts in thousands)
 Dec. 31: 1991 1990
 Cash and equivalents $17,303 $19,028
 Accounts receivable, net 65,033 64,121
 Inventories 63,635 46,064
 Fixed assets, net 58,794 54,821
 Intangible and other assets, net 124,530 114,426
 Long-term debt, plus current maturities 24,435 24,881
 Stockholders' equity $262,791 $226,239
 -0- 2/13/92
 /CONTACT: Michael G. Archambault of Symbol, 516-244-4632/
 (SBL) CO: Symbol Technologies, Inc. ST: New York IN: CPR SU: ERN


GK-TS -- NY011 -- 9547 02/13/92 08:13 EST
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Date:Feb 13, 1992
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