Exhibit(a)(15)
Addendum to Offer to Exchange
Set forth below is a selected summary of our financial information. The selected historical consolidated statements of operations data for the years ended March 31, 2000 and 1999 have been derived from the consolidated financial statements included in our current report on Form 8-K dated December 6, 2000, which were audited by PricewaterhouseCoopers, LLP independent public accountants. The selected historical consolidated statements of operations data for the nine months ended December 31, 2000 and December 31, 1999 and the selected historical consolidated balance sheet data as of December 31, 2000, which are included in our Quarterly Report on Form 10-Q for the company’s fiscal quarter ended December 31, 2000, are unaudited, but include, in the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of such data. The information presented below should be read together with our consolidated financial statements and related notes. We have presented the following data in thousands, except per share amounts.
| NINE MONTHS ENDED | ||||||||||||||||||
| YEAR ENDED MARCH 31, | DECEMBER 31, | |||||||||||||||||
| 2000 | 1999 | 2000 | 1999 | |||||||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS DATA: | ||||||||||||||||||
| Revenue: | ||||||||||||||||||
| License | $ | 42,822 | $ | 10,775 | $ | 99,835 | $ | 27,157 | ||||||||||
| Professional services | 11,699 | 2,459 | 24,964 | 6,552 | ||||||||||||||
| Maintenance | 5,624 | 1,036 | 15,384 | 3,405 | ||||||||||||||
| Total revenue | 60,145 | 14,270 | 140,183 | 37,114 | ||||||||||||||
| Cost of revenue: | ||||||||||||||||||
| License | 2,612 | 799 | 3,964 | 1,873 | ||||||||||||||
| Professional services and maintenance(a) | 16,102 | 3,803 | 33,393 | 9,029 | ||||||||||||||
| Total cost of revenue | 18,714 | 4,602 | 37,357 | 10,902 | ||||||||||||||
| Gross profit | 41,431 | 9,668 | 102,826 | 26,212 | ||||||||||||||
| Operating expenses: | ||||||||||||||||||
| Sales and marketing(a) | 44,033 | 14,741 | 68,893 | 27,114 | ||||||||||||||
| Research and development(a) | 14,780 | 6,065 | 31,307 | 9,678 | ||||||||||||||
| General and administrative(a) | 9,753 | 3,171 | 14,935 | 6,373 | ||||||||||||||
| Amortization of goodwill and acquired intangibles | 1,305 | — | 30,888 | — | ||||||||||||||
| Merger related expenses | — | — | 34,039 | — | ||||||||||||||
| In-process research and development | 2,737 | — | 2,311 | — | ||||||||||||||
| Amortization of deferred stock compensation | 3,589 | 577 | 16,080 | 1,288 | ||||||||||||||
| Total operating expenses | 76,197 | 24,554 | 198,453 | 44,453 | ||||||||||||||
| Operating loss | (34,766 | ) | (14,886 | ) | (95,627 | ) | (18,241 | ) | ||||||||||
| Interest income, net | 3,362 | 414 | 10,850 | 1,369 | ||||||||||||||
| Loss before income taxes | (31,404 | ) | (14,472 | ) | (84,777 | ) | (16,872 | ) | ||||||||||
| Deferred tax provision | (46 | ) | — | — | — | |||||||||||||
| Net loss | (31,450 | ) | (14,472 | ) | (84,777 | ) | (16,872 | ) | ||||||||||
| Accretion and accrued dividends related to mandatorily redeemable preferred stock | (10,223 | ) | (605 | ) | — | 9,790 | ||||||||||||
| Net loss attributable to common shareholders | $ | (41,673 | ) | $ | (15,077 | ) | $ | (84,777 | ) | $ | (26,662 | ) | ||||||
| Basic and diluted net loss per common share | $ | (2.23 | ) | $ | (1.75 | ) | $ | (1.82 | ) | $ | (1.89 | ) | ||||||
| Shares used in computing basic and diluted net loss per common share | 18,717 | 8,633 | 46,618 | 14,110 | ||||||||||||||
(a) Excludes non-cash stock compensation.
| AS OF MARCH 31, | AS OF DECEMBER 31, | ||||||||||||||
| 2000 | 1999 | 2000 | |||||||||||||
| CONSOLIDATED BALANCE SHEET DATA: | |||||||||||||||
| Cash and cash equivalents | $ | 171,176 | $ | 8,874 | $ | 99,870 | |||||||||
| Working capital | 181,356 | 8,462 | 152,880 | ||||||||||||
| Total assets | 299,187 | 19,738 | 383,069 | ||||||||||||
| Long-term obligations, net of current portion | 6,208 | 465 | — | ||||||||||||
| Mandatorily redeemable preferred stock | — | 11,118 | — | ||||||||||||
| Total stockholders’ equity | 252,169 | 345 | 276,404 | ||||||||||||
The information set forth on pages 13 through 34 of the company’s current report on Form 8-K dated December 6, 2000 for its three fiscal years ended March 31, 2001, pages 2 through 6 of the company’s Quarterly Report on Form 10-Q for its fiscal quarter ended December 31, 2000, pages 3 through 8 of the company’s Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2000 as amended on Form 10-Q/A and pages 3 through 7 of the company’s Quarterly Report on Form 10-Q for its fiscal quarter ended June 30, 2000 is incorporated herein by reference. See “Additional Information” in Section 16 of the Offer to Exchange dated April 12, 2001 for instructions on how you can obtain copies of our SEC reports that contain information incorporated by reference herein.