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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: ms.smartest.person who wrote (52301)5/4/2001 1:01:10 AM
From: ms.smartest.person  Read Replies (1) | Respond to of 77400
 
How Network Associates Halved Its Loss

I realize this is NETA, not CSCO. Just included as an example - FWIW - Merry

By making adjustments to the GAAP net, the company sliced first-quarter,
2001, losses in two

CONSOLIDATED PRO FORMA
GAAP RESULTS RESULTS*
(millions)

GROSS PROFIT $136.4 $127.0
LESS R&D, sales, marketing,
administrative expenses -178.8 -168.1
LESS Amortization of intangibles
and stock charge -17.5 0

OPERATING LOSS 59.9 41.1
PLUS Net interest income, minority
stakes, tax benefits +12.5 +16.7**

NET LOSS 47.4 24.3

PER SHARE LOSS 35 cents 17 cents

* Excludes results of 80%-owned McAfee.com
** Omits interest paid on convertible debt

Data: Apr. 19 company earnings announcement

Used with permission of businessweek.com