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TEKTRONIX AND SONY TO SHARE 6,900 MILLION YEN DIVIDEND FROM SONY/TEKTRONIX

 WILSONVILLE, Ore., April 23 /PRNewswire/ -- Tektronix, Inc. (NYSE: TEK) today announced that the Board of Directors of the Sony/Tektronix Corporation, meeting in Tokyo, had declared a one-time dividend of 6,900 million yen payable on May 26, 1993. At current yen to dollar exchange rates, the dollar amount of the dividend is approximately $62 million.
 Sony (NYSE: SNE) and Tektronix will share equally in the dividend, based on their equal ownership of the Sony/Tektronix Corporation. Since Tektronix accounts for its ownership in the Sony/Tektronix Corporation by the equity method, the dividend will not have an impact on Tektronix' earnings before taxes. Also, because of foreign tax credits there will be no negative effect on Tektronix' net earnings.
 The Sony/Tektronix Corporation was founded in 1965. Over the years, the Sony/Tektronix Corporation evolved into a highly successful company that distributes Tektronix products in Japan and also designs and manufactures other products that are sold worldwide. The success of the operation resulted in accumulation of cash, which resulted in the one- time dividend announced today.
 Tektronix is a leading manufacturer of electronics products and systems with positions of market leadership in test and measurement, computer graphics and television systems. Revenues in fiscal 1992 were $1.3 billion; the Company employed 10,191 people at the end of its most recent fiscal quarter. Tektronix is headquartered in Wilsonville, Oregon and has operations world-wide.
 -0- 4/23/93
 /CONTACT: Doug Shafer, Investor Relations, 503-685-4111, or fax, 503-685-4099, or Jeanine Navarra, Public Relations, 503-685-4044, or fax, 503-685-4017, both of Tektronix/
 (TEK SNE)


CO: Tektronix Inc.; Sony Corp.; Sony/Tektronix Corp. ST: Oregon IN: CPR SU: DIV

LM-SW -- SE009 -- 0220 04/23/93 16:02 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
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