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TEKTRONIX REPORTS QUARTERLY GAINS IN ORDERS, SALES AND EARNINGS

 WILSONVILLE, Ore., Dec. 15 /PRNewswire/ -- Tektronix Inc. (NYSE: TEK) reported earnings for its second fiscal quarter, which ended on Nov. 28, 1992, of $8,433,000, or 28 cents per share, up 5 percent from $8,060,000, or 27 cents per share, in the last year's second quarter. Net sales were $333,485,000, up 10 percent from the prior year's second-quarter sales of $303,203,000. Customer orders also increased in the quarter by 13 percent from $299 million to $339 million. This year's second quarter was 13 weeks long, compared with 12 weeks in the prior year.
 "This is another solid quarter for Tektronix, despite difficult conditions in some of our markets," commented Jerome J. Meyer, chairman and chief executive officer of Tektronix. "We're pleased to show overall sales and order gains and an increase in our backlog. U.S. demand continued the growth we saw in the first quarter, while European orders also improved from last year and from our first quarter. Japanese business, however, remained weak.
 "Computer Graphics sales were 40 percent ahead of last year," Meyer continued, "as our color printers and X Window terminals continued to do very well in the marketplace. Television Systems sales were up 8 percent, while Test and Measurement sales were equal to last year. Gross margins improved from the first quarter's levels, and other expenses declined as a percent of sales from last year, even as we continued to absorb additional costs for our ongoing headcount reductions."
 At the end of the quarter, the company had 10,502 employees, compared with 10,708 at the beginning of the quarter and 11,528 at the end of last year's second quarter.
 The geographic and product sales breakdown is as follows:
 TEKTRONIX INC.
 (In thousands)
 Second Quarter First Half
 13 Weeks 12 Weeks 26 Weeks 25 Weeks
 Period Ended: 11/28/92 11/16/91 11/28/92 11/16/91
 U.S. $180,508 $156,297 $349,617 $305,784
 International 152,977 146,906 288,492 285,983
 Test & Measurement $177,171 $177,763 $334,664 $341,860
 Computer Graphics 90,486 64,531 166,193 123,920
 Television Systems 65,828 60,909 137,252 125,987
 SUMMARY INCOME STATEMENT
 (In thousands)
 Second Quarter First Half
 13 Weeks 12 Weeks 26 Weeks 25 Weeks
 Period Ended: 11/28/92 11/16/91 11/28/92 11/16/91
 Net sales $333,485 $303,203 $638,109 $591,767
 Cost of sales 169,645 153,390 329,763 292,711
 Gross profit 163,840 149,813 308,346 299,056
 R&D expense 39,998 38,497 78,043 77,755
 S,G & A expense 104,616 94,232 196,309 184,695
 Joint venture
 income (loss) (98) 1,596 (1,551) 2,538
 Operating income 19,128 18,680 32,443 39,144
 Earnings before taxes 12,777 12,593 22,106 27,633
 Income taxes 4,344 4,533 7,516 9,948
 SFAS No. 109 tax
 benefit -- -- 38,100 --
 SFAS No. 106 adjustment-
 net of tax -- -- (34,775) --
 Net earnings 8,433 8,060 17,915 17,685
 Earnings per share 0.28 0.27 0.60 0.60
 Average shares 29,915 29,482 29,806 29,388
 -0- 12/15/92
 /CONTACT: Doug Shafer of Tektronix, 503-685-4111/
 (TEK)


CO: Tektronix Inc. ST: Oregon IN: CPR SU: ERN

LM-JH -- SE008 -- 7366 12/15/92 16:00 EST
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Date:Dec 15, 1992
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