LISLE, Ill. -- Molex Incorporated (NASDAQ:MOLX and MOLXA), a global electronic components company, today reported results for its fiscal second quarter and first six months ended December 31, 2001. Reported results include a pretax charge of $34.2 million, somewhat above the previously announced charge of $30.0 million. The net after tax effect of this charge was $25.3 million. In addition, the reported results include a previously announced positive adjustment to the tax provision as explained later in this release. Revenues for the 2002 fiscal second quarter of $416.5 million decreased 33.8 percent versus last year's second quarter revenues of $629.3 million. Net income prior to the charge and tax adjustments was $23.1 million, or 5.6 percent of sales, compared with $67.8 million of net income for the same quarter a year ago. Earnings per share prior to the charge and tax adjustments were $0.12. This compares with $0.34 for the second quarter of last year. Net income after the charge and tax adjustments was $4.3 million. Earnings per share after the charge and tax adjustments were $0.02. Currency translation decreased net revenues by $6.4 million and decreased net income by $0.7 million. Revenues for the six months ended December 31, 2001 were $846.9 million, compared with $1.25 billion in the prior fiscal year period, a 32.5 percent decrease. Net income prior to the charge and tax adjustments was $48.3 million, or 5.7 percent of sales. This compares to the $132.4 million of net income reported last year. Earnings per share prior to the charge and tax adjustments were $0.25, compared with $0.67 reported for the prior fiscal year. Net income after the charge and tax adjustments was $29.5 million, or 3.5 percent of sales. Earnings per share after the charge and tax adjustments were $0.15. For the six month period, currency translation decreased net revenues by $24.5 million and decreased net income by $2.4 million. The Company's order backlog on December 31, 2001 stood at $192.3 million, a 58.9 percent decrease from the same period a year ago. Without the effect of the change in value of the U.S. dollar, the backlog would have been $199.5 million. Joe King, Vice-Chairman and Chief Executive Officer, said, "Business conditions remain difficult in all regions. In the Americas, revenues decreased 42.0 percent from last year's fiscal second quarter. Demand is especially difficult in the fiber optics, telecom and computer markets. In the Far East North (Japan and Korea), revenues declined in local currency by 29.4 percent and revenues in dollars declined by 35.2 percent. In the Far East South, revenues declined in local currency by 13.7 percent and revenues in dollars declined 15.3 percent. In Europe, revenues declined in local currency by 33.7 percent and revenues in dollars declined by 30.8 percent. Overall, it was another tough quarter but we did achieve after tax profits of 5.6 percent prior to the charge and tax adjustments." Molex Inc.