Annual Report 1999 Network Associates 1999 ANNUAL REPORT
Annual Report 1999 Network Associates 1999 ANNUAL REPORT Financial Highlights YEAR ENDED DECEMBER 31 (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) 1999 1998 1997 1996 1995 Net Revenue $683,668 $990,045 $735,692 $514,997 $328,541 Net Income (Loss) ($159,901) $36,438 $10,639 $10,711 $53,752 Net Income (Loss) ($1.15) $0.26 $0.08 $0.09 $0.45 per share, diluted NET REVENUE (THOUSANDS) 1999 1998 1997 1996 1995 $683,668 $990,045 $735,692 $514,997 $328,541 NET INCOME (THOUSANDS) 1999 1998 1997 1996 1995 ($159,901) $36,438 $10,639 $10,711 $53,752 EARNINGS PER SHARE (DILUTED, DOLLARS) 1999 1998 1997 1996 1995 ($1.15) $0.26 $0.08 $0.09 $0.45 QUARTERLY NET REVENUE (THOUSANDS) 1999 1999 1999 1999 1998 1998 1998 1998 DEC.31, SEP.30, JUN.30, MAR.31, DEC.31, SEP.30, JUN.30, MAR.31, $218,079 $195,201 $25,196 $245,192 $272,191 $242,444 $249,317 $226,093 1 Network Associates 1999 ANNUAL REPORT Letter to Our Shareholders 1999 was a turbulent year for Network Associates. After the value of Network Associates will be the summation of the tremendous growth in 1998, the task of integrating our value of its portfolio business units. newly acquired companies created significant operational challenges this year. The most fundamental challenge we Secondly, our strategy will attract and retain employees faced was an underlying shift in the dynamics of the market- through incentive-based equity compensation. Intellectual place: the rapid adoption of e-business. Customers moved property drives our business, and that means finding and from integrated enterprise suites to tactical deployment of keeping the best people.
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