Amplicon : SANTA ANA

Nature of Business: Leases and sells mid-range computers, peripherals and other high-tech equipment.

Total Employees: 135

In Orange County: 135

Stock Listing in The Times: On NASDAQ as “Amplcn”

Ticker Symbol: “AMPI”

Friday’s Stock Close: $12.50

Change: Down $0.75

Analyst Review: “Amplicon makes it money by being a low-cost operation, by being conservative, and by having a good balance sheet. As with all good leasing companies, it also makes money by disposing of and selling equipment by the end of the lease. I think they’ll continue to succeed. The company is well-managed, conservative, and has reasonable prospects for continued earnings growth. They should be able to increase earnings by 20% a year over the next couple of years, and the stock should mirror that increase. You have hands-on managers who manage the leasing company the way that they would manage their own personal finances--conservatively.”

--Michael Millman, analyst, Lehman Bros, New York

Sales and Profits Dollar amounts in millions.

Sales: ‘89: $137.9 ‘90: $158.3 ‘91: $155.7

2 Quarters: ‘91: $78.0 ‘92: $59.8

Profits ‘89: $5.2 ‘90: $5.6 ‘91: $7.4

2 Quarters: ‘90: $3.4 ‘91: $4.2

Corporate Outlook: “Last July, Amplicon felt that the worst of the economic recession was behind us, and since that time we have been expanding our sales and finance organizations rapidly in order to be positioned to take advantage of business opportunities in 1992. During the first 6 months of fiscal 1992, we increased profits over 20% despite difficult conditions, and believe we are beginning to see the foundation for renewed revenue growth.”

--Patrick E. Paddon, chairman/CEO

RETURN ON INVESTMENT: 3-YEAR SUMMARY AND YEAR-TO-DATE

FISCAL YEAR ENDING JUNE 30 JUNE 30 JUNE 30 2 QTRS. 1989 1990 1991 1991 52-Week High $19.75 $16.50 $16.50 $9.00 52-Week Low $11.00 $6.88 $7.00 $7.00 Book Value Per Share $6.64 $7.46 $8.59 $8.13 Price Per Share $14.25 $7.00 $15.63 $8.25 Net Earnings Per Share $0.81 $0.93 $1.26 $0.57 Price-to-Earnings Ratio 18:1 8:1 12:1 7:1 Avg. Return on Investor Equity 12% 12% 15% 14%

FISCAL YEAR ENDING 2 QTRS. 1992 52-Week High $16.25 52-Week Low $12.75 Book Value Per Share $8.47 Price Per Share $14.75 Net Earnings Per Share $0.73 Price-to-Earnings Ratio 10:1 Avg. Return on Investor Equity 17%

For information call or write, Amplicon Inc.: 5 Hutton Centre Dr., Suite 500, Santa Ana, Calif., 92707. (714) 751-7551

Source: Amplicon Inc.