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To: view who wrote (35271)	8/18/1998 6:37:00 PM
From: John Rieman	Respond to of 50808

Digital video and other lines, slower then expected at Tektronix. I'm not sure what this means. Broadcaster may be only making minimum investments in Digital video gear, or Tektronix is loosing to others........................ Tektronix First Quarter 1999 Results to be Below Expectations PR Newswire - August 18, 1998 16:15 WILSONVILLE, Ore., Aug. 18 /PRNewswire/ -- Tektronix, Inc. (NYSE: TEK) today announced that it expects net earnings and revenue for the first quarter fiscal 1999 to be lower than the levels recorded in the same period a year ago. Net earnings are expected to be $0.07 to $0.12 a share compared with $0.52 a share in the first quarter 1998, and sales 8 to 10 percent lower than the $481.3 million in the first quarter last year. Full results for first quarter 1999 will be announced on September 16. The lower expectations are due to weaker than anticipated demand in the company's Measurement and Video businesses. In addition, the expected operating loss and subsequent restructuring actions announced today by Merix Corporation will negatively impact Tektronix' net earnings. This accounts for approximately $0.10 per share in lower earnings. Tektronix owns approximately 27 percent of Merix and accounts for their earnings on the equity basis. "There are two driving forces affecting our financial results," said Jerome J. Meyer, chairman and chief executive officer of Tektronix. "First, while our Measurement business remains strong in Europe, the Asian economic crisis now is dramatically impacting Measurement in Japan, as well as in the U.S., where domestic customers also are dealing with the situation. Second, both our Measurement and Video businesses are affected by a softening in the broadcast market, as the industry grapples with the transition to digital technology."