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Pro forma Results
(In thousands, except per share data)
The following table shows the Company's pro forma results reconciled to the Generally Accepted Accounting Principles ("GAAP") Consolidated Statements of Income table included on page 4 of this release. The Company's pro forma results do not include unusual or non-recurring events or transactions, amortization of goodwill and purchased intangibles, or gains and losses on investments in equity securities.
      Three Months Ended   Twelve Months Ended
     
 
      November 30
2001


  December 1
2000


  November 30
2001


  December 1
2000


GAAP income before income taxes    $51,178   $122,785   $306,931   $443,739
  Restructuring and other charges   12,063   --   12,063   5,629
Amortization of goodwill and purchase intangibles   3,550   3,380   14,281   7,013
Aquired in-process research and development -- 470 -- 470
One time gain from sale of assets -- -- -- (2,718)
Investment gain/loss 5,898 7,417 93,414 14,345




Pro forma income before 72,689 134,052 426,689 439,788
income taxes
Income tax provision   23,987   47,588   140,807   154,542




Pro forma net income   48,702   86,464   285,882   285,246
     
 
 
 
Basic pro forma net income   $.21   $.36    $1.20    $1.20 
   

 

 

 

Shares used in computing basic net income per share   236,361   239,640   238,461   238,292








         
Diluted pro forma net income per share   $.20   $.34   $1.15   $1.12
   

 

 

 

Shares used in computing diluted net income per share   243,411   257,294   249,145   255,774
 

 
 

 
 

 
 

 
The above results do not reflect GAAP, but are supplied to provide a meaningful operating comparison to results for the same period the prior year.
 
Return to the 2001 Fourth Quarter Earnings Release

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