Table: How Network Associates Halved Its Loss

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

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