<EXHIBIT>                                                  EXHIBIT 99.1

FOR IMMEDIATE RELEASE

Contact:
John L. Dwight, Jr.               James R. Buckley
Chief Executive Officer           Senior Consultant
PCD Inc.                          Sharon Merrill Associates, Inc.
978/532-8800                      617/542-5300

    PCD INC. COMPLETES ACQUISITION OF WELLS ELECTRONICS, INC.
  With Transaction, PCD Becomes Leading U.S. Provider of Test and 
                        Burn-in Sockets

     PEABODY, Mass., December 29, 1997 -- PCD Inc. (NASDAQ:PCDI), 
a manufacturer of electronic connectors, today announced that it 
has completed its acquisition of Wells Electronics, Inc., a 
manufacturer of burn-in and test sockets for the global 
semiconductor industry.  The acquisition was an all cash 
transaction valued at approximately $130 million.  Prior to the 
transaction, Wells was owned by UL America, Inc., an indirect 
wholly owned subsidiary of Siebe plc.
     Richard Mullin, Wells Electronics' chief executive officer, 
has been named president of the combined operations of Wells and 
PCD's wholly owned subsidiary, CTi Technologies, Inc.
     "The acquisition of Wells Electronics provides us with an 
increased global presence," stated John L. Dwight, Jr., PCD's 
Chairman, President and Chief Executive Officer.  "Plans for the 
integration of Wells and CTi are well underway.  We anticipate 
benefiting from synergies created by this combination, 
particularly within the test and burn-in product areas.  Also, 
Wells has an impressive senior management team with extensive 
industry experience."
     "The addition of Wells Electronics positions PCD as the 
primary U.S. supplier of test and burn-in sockets, as well as the 
third largest supplier worldwide in the rapidly growing burn-in 
market," Dwight continued.  "Going forward, our increased global 
distribution channels and broad-based product line will provide 
us with the leverage necessary to further capitalize on market 
opportunities.  We anticipate that the burn-in segment of our 
business will be a strong performer next year."
     Statements in this press release concerning the future 
revenues, profitability, financial resources, product mix, market 
demand, product development and other statements in this press 
release concerning the future results of operations, financial 
condition and business of PCD Inc. are "forward-looking" 
statements as defined in the Securities Act of 1933 and 
Securities Exchange Act of 1934.  Investors are cautioned that 
the Company's actual results in the future may differ materially 
from those projected in the forward-looking statements due to 
risks and uncertainties that exist in the Company's operations 
and business environment, including the Company's dependence on 
the integrated circuit package industry, the Company's dependence 
on its principal customers and independent distributors, 
fluctuations in demand for the Company's products, patent 
litigation involving the Company, rapid technological evolution 
in the electronics industry, and the like.  The Company's filings 
with the Securities and Exchange Commission, including its 1996 
Form 10-K, contain additional information concerning such risk 
factors, and copies of these filings are available from the 
Company upon request and without charge.
     In addition, the Company may experience unanticipated costs 
or other difficulties in connection with the acquisition and 
integration of a new business such as Wells.
     PCD Inc. designs, manufactures and markets electronic 
connectors to defined niche markets in the semiconductor, 
industrial equipment and avionic industries worldwide.  
Headquartered in Peabody, Massachusetts, PCD focuses on four 
distinct product categories: industrial terminal blocks, avionic 
control connectors, burn-in sockets and production/IC sockets.  
The Company employs a carefully targeted approach to product 
development and marketing, focusing on the key segments of each 
market that meet its growth and profit objectives.