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XIRCOM POSTS 34 PERCENT GAIN IN NET INCOME FOR FIRST QUARTER; NET SALES INCREASE 29 PERCENT

 CALABASAS, Calif., Jan. 14 /PRNewswire/ -- Xircom Inc. (NASDAQ: XIRC) today reported that net income for its first fiscal 1993 quarter, ended Dec. 31, 1992, increased 34 percent to $1.8 million, or $0.11 per share, compared with $1.3 million and $0.10 per share for the first quarter of fiscal 1992. Net sales for the same period increased 29 percent to $17.2 million from $13.3 million for the first quarter of fiscal 1992.
 Xircom president and chief executive officer, Dirk I. Gates, said the company continues to assert a leadership position in providing local area network (LAN) connectivity to the ever-increasing number of nomadic PC users. Gates said, "This was our seventh consecutive quarter of record earnings, reflecting Xircom's success in providing standard-setting solutions for the rapidly growing portable connectivity market.
 "We made initial shipments of our new CreditCard Ethernet Adapter to NCR. They will be offering the NCR/Xircom PC Card as an option for their portable computers that incorporate Personal Computer Memory Card International Association (PCMCIA) slots. In addition, drivers for Xircom's Ethernet and Token Ring adapters have been included with Microsoft's Windows for Workgroups. Xircom's are the only external network adapter drivers included with this new network operating system. Thus, users of Windows for Workgroups have a complete and simple solution for portables and notebooks."
 Gates added, "During the second fiscal quarter, we will begin shipments of our new Pocket Ethernet Print Server, which will allow users to easily connect printers anywhere on a network. We will also begin volume shipments to our retail distribution customers of the Xircom CreditCard Ethernet Adapter, which is universally compatible with the wide range of PCMCIA-equipped portable computers."
 Founded in 1988, Xircom develops and manufactures simple-to-use network connectivity solutions for the portable computer market and has sold more than 350,000 LAN adapters for connecting portable PCs to local area networks. Xircom recorded revenues of $59 million for its fiscal year ended Sept. 30, 1992.
 XIRCOM INC.
 Condensed Consolidated Statements of Operations
 (Unaudited)
 (In thousands, except per share information)
 Three months ended
 Dec. 31,
 1992 1991
 Net sales $17,170 $13,263
 Cost of sales 8,072 6,350
 Gross profit 9,098 6,913
 Operating expenses:
 Research and development 1,428 707
 Sales and marketing 3,878 3,225
 General and administrative 1,032 700
 Total operating expenses 6,338 4,632
 Operating income 2,760 2,281
 Other income (expense), net 164 (65)
 Income before income taxes 2,924 2,216
 Provision for income taxes 1,140 887
 Net income $1,784 $1,329
 Shares used in computing net
 income per share 16,225 13,515
 Net income per share $.11 $.10
 Net sales 100.0 pct 100.0 pct
 Gross profit 53.0 pct 52.1 pct
 Research and development 8.3 pct 5.3 pct
 Sales and marketing 22.6 pct 24.3 pct
 General and administrative 6.0 pct 5.3 pct
 Operating income 16.1 pct 17.2 pct
 Net income 10.4 pct 10.0 pct
 Xircom Inc.
 Condensed Consolidated Balance Sheets
 (Unaudited)
 (In thousands)
 Dec. 31, Sept. 30,
 1992 1992
 Current assets:
 Cash and short-term investments $32,628 $32,739
 Accounts receivable 12,285 10,480
 Inventories 8,436 8,196
 Other current assets 2,421 2,178
 Total current assets 55,770 53,593
 Equipment and improvements, net 3,721 3,124
 Other assets 323 326
 Total assets $59,814 $57,043
 Current liabilities:
 Accounts payable $3,503 $2,856
 Accrued liabilities 2,325 1,519
 Current portion of
 long-term obligations 457 436
 Accrued income taxes 824 1,482
 Total current liabilities 7,109 6,293
 Long-term obligations 1,147 1,181
 Stockholders' equity:
 Common Stock 15 15
 Paid-in capital, net of unearned
 stock compensation 40,107 39,902
 Retained earnings 11,436 9,652
 Total stockholders' equity 51,558 49,569
 Total liabilities and
 stockholders' equity $59,814 $57,043
 -0- 1/14/93
 /EDITOR'S NOTE: Xircom is a registered trademark of Xircom Inc. CreditCard Ethernet Adapter and Pocket Ethernet Print Server are trademarks of Xircom Inc. Other company or product names have been used for identification purposes only and may be trademarks of their respective companies./
 /CONTACT: JoAnne Martz, director of investor relations of Xircom, 818-878-6220/
 (XIRC)


CO: Xircom Inc. ST: California IN: CPR SU: ERN

JL -- LA035 -- 5038 01/14/93 16:24 EST
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