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To: RebelKell who wrote (488)	5/1/2000 12:09:00 AM
From: Gregory Rasp	Respond to of 1226

Kelley, I used the pro forma net income. See below and used: 11,266/60,824. Net income was $13.7 million or $0.24 per diluted share for the first quarter of 2000, compared to a net loss of $1.0 million or a loss of $0.03 per diluted share for the same quarter of the prior year. Included in net income for the first quarter of 2000 is a $7.7 million benefit from the reduction of the Company's deferred tax asset valuation allowance. Pro forma net income, excluding the stock based compensation charge, the write-off of in-process research and development, the amortization of purchased intangibles, and the effect of the benefit from reducing the Company's deferred tax asset valuation allowance, was $11.3 million or $0.20 per pro forma diluted share for the first quarter of 2000, compared to pro forma net income of $409,000 or $0.01 per pro forma diluted share for the same quarter of the prior year. Three Months Ended March 31, ------------------------------ (in thousands except per share data) 2000 1999 Net revenue $ 60,824 $ 13,217 Net income (loss) $ 13,673 $ (1,036) Pro forma net income $ 11,266 (1) $ 409 (2) Diluted net income (loss) per share $ 0.24 $ (0.03) (3) Pro forma diluted net income per share $ 0.20 (1) $ 0.01 (2) (1) Excludes $1.0 million of stock based compensation, $6.3 million of in-process R&D related to the purchase of OnPrem Networks, $1.9 million in amortization of purchased intangibles, and the resulting income before tax is fully taxed utilizing a 42.0% tax rate. GR