Richardson, Texas -- June 21, 1996 -- Cyrix Corporation (NASDAQ: CYRX) today announced that the Company will report a loss for the quarter ending June 30, 1996. Based on preliminary analysis, the Company expects that the loss will exceed $15 million. Cyrix reported net income for the three months ended March 31, 1996 of $2 million, or $0.10 per share. "Aggressive pricing and 6x86™ customer program delays contributed to this loss," said Jerry Rogers, Cyrix�s president and chief executive officer.
Cyrix Corporation, headquartered in Richardson, Texas, is a leading supplier of high-performance processors and systems to the personal computer industry. Founded in 1988, the company designs, manufactures and markets innovative x86 software-compatible processors for the desktop and mobile computer markets. The Cyrix 6x86 processor was recently recognized for its performance with awards from a number of publications, including Byte Magazine�s Best Technology at CeBIT�96, PC Week�s Corporate IT Excellence Award and Windows Sources� Stellar Award. The financial report of Company operations for the June 30, 1996 quarter will be distributed on July 18, 1996, after the close of the market.