EX-99.1 2 a04-4144_2ex99d1.htm EX-99.1

Exhibit 99.1

 

 

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Operating Model

 

 

 

Q4 ’03

 

1H’04

 

LT Target

 

 

 

 

 

 

 

 

 

Revenue

 

100

%

100

%

100

%

 

 

 

 

 

 

 

 

Gross Margin

 

50

%

24

%

40 – 45

%

 

 

 

 

 

 

 

 

Sales & Marketing

 

19

%

34

%

15 – 17

%

 

 

 

 

 

 

 

 

Research & Development

 

18

%

33

%

11 – 13

%

 

 

 

 

 

 

 

 

General & Administrative

 

12

%

20

%

5 – 6

%

 

 

 

 

 

 

 

 

Amortization & Impairment

 

5

%

8

%

 

*

Operating Income

 

(4

)%

(71

)%

6 – 12

%

 

* Less than one percent

 

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