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Bitmap Image  |  1996-10-31  |  206KB  |  615x332  |  8-bit (22 colors)
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OCR: RESULTS Q 1 OPERAT Overview HE COMPANY completed three separate acquisitions in fiscal 1996 each of which was accounted for as a pooling of interests To effect the combinations Macromedia exchanged total of 1. 502 00 shares of its common stock and stock options for all the common stock and stock options of the three separate companies (see Note 2 of Notes to Consolidated Financial Statements) reclassification has been made to include co-op advertising in revenues and in sales and marketing expenses for all periods presented in accordance with the implementation of accounting pronouncement Statement of Position (SOP) 93-7 For fiscal years 1996 1995 and 1994 the increases were $6 914 000 $2 194 000 and $o respectively There was no effect on net income BESULTS pleted