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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?

To: Hectorite who wrote (4749)	4/6/1999 7:20:00 PM
From: Susan Saline	Respond to of 6021

Tuesday April 6, 5:34 pm Eastern Time Company Press Release SOURCE: Network Associates, Inc. Network Associates Announces Fourth Quarter and Fiscal Year 1998 Results And Completion of SEC Review Process Announces Preliminary First Quarter 1999 Results SANTA CLARA, Calif., April 6 /PRNewswire/ -- Network Associates (Nasdaq: NETA - news), a leading supplier of enterprise network security and management software, today announced final results for the fourth quarter and twelve months ended December 31, 1998. Revenue for the fourth quarter reached $272,191,000, an increase of 37 percent over revenues of $198,127,000 in the same period a year ago. Net income exclusive of amortization expense and acquisition and other related costs for the fourth quarter increased to $71,921,000, or $0.50 per share, from $29,633,000 or $0.22 per share, in the fourth quarter of 1997. Revenue for the twelve months ended December 31, 1998 was 990,045,000, an increase of 35 percent over revenue of $735,692,000 reported for the previous fiscal year. Net income exclusive of amortization expense and acquisition and other related costs for the year ended December 31, 1998 increased 61 percent to $215,236,000, or $1.55 per share, compared to net income of $133,957,000, or $1.02 per share, in the previous year.