ELECTRO RENT CORP : Business: Equipment rentals Symbol: ELRC Shares Outstanding: 6.1 million Market: OTC Closing Price on 12/7/92: $16.75

Electro Rent Corp. rents, leases and sells computers and electronic test equipment to other businesses. Based in Van Nuys, the company became independent in 1980 when it was spun off from its parent, Telecor. Electro Rent’s revenue has gradually declined in recent years, to $102 million in its fiscal year ended May 31, because of the slowdown in aerospace and defense spending and the company’s shift toward focusing on the computer market. At the same time, Electro Rent’s profit--totaling $8.6 million in fiscal 1992--has climbed the past two years, aided by a drop in the company’s borrowing costs. Electro Rent had a 3-for-2 stock split on Feb. 28. (dollar amounts in millions)

Nov ’89 Feb ’90 May ’90 Aug ’90 Nov ’90 Qtrly Profit (loss): $1.8 $1.6 $1.9 $1.9 $1.8 % Change: -18% -6% +6% +12% 0% Qtrly Assets: $172 $171 $163 $164 $160 % Change: +1% +1% -2% -6% -7%

Feb ’91 Qtrly Profit (loss): $1.7 % Change: +6% Qtrly Assets: $156 % Change: -9%

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May ’91 Aug ’91 Nov ’91 Feb ’92 May ’92 Qtrly Profit (loss): $2.1 $2.2 $2.3 $2.0 $2.0 % Change: +11% +16% +28% +18% -5% Qtrly Assets: $151 $150 $150 $146 $144 % Change: -7% -9% -6% -6% -5%

Aug. ’92 Qtrly Profit (loss): 2.4 % Change: +9% Qtrly Assets: $145 % Change: -3%

N/A: Not available * Adjusted for stock splits. Source: Electro Rent Corp.