<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUL-31-1997 <PERIOD-START> AUG-01-1996 <PERIOD-END> JAN-31-1997 <CASH> 56,803 <SECURITIES> 34,673 <RECEIVABLES> 63,967 <ALLOWANCES> 1,077 <INVENTORY> 69,937 <CURRENT-ASSETS> 252,080 <PP&E> 39,313 <DEPRECIATION> (11,912) <TOTAL-ASSETS> 283,392 <CURRENT-LIABILITIES> 98,666 <BONDS> 5,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 213 <OTHER-SE> 170,361 <TOTAL-LIABILITY-AND-EQUITY> 283,392 <SALES> 81,711 <TOTAL-REVENUES> 98,567 <CGS> 39,275 <TOTAL-COSTS> 52,469 <OTHER-EXPENSES> 14,596<F1> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 510 <INCOME-PRETAX> 20,628 <INCOME-TAX> 1,973 <INCOME-CONTINUING> 14,570 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14,570 <EPS-PRIMARY> 0.68 <EPS-DILUTED> 0.68 <FN> <F1>EXCLUDES SG&A AS SG&A IS PART OF 5-03(b)(4). </FN>