Fiscal year ended Oct. 31
1999
Oct. 31
1998
Oct. 31
1997
Net sales $ 1,272,820  $ 1,083,887  $ 1,007,311 
Cost of sales 286,021  248,617  288,617 
Gross profit 986,799  835,270  718,694 
Operating expenses
Sales and marketing 434,339  398,532  460,027 
Product development 227,636  235,744  300,599 
General and administrative 101,772  102,548  102,737 
Restructuring charges —  —  55,335 
Total operating expenses 763,747  736,824  918,698 
Income (loss) from operations 223,052  98,446  (200,004)
Other income (expense)
Investment income 41,472  44,727  61,315 
Other, net (20,688) (1,539) (11,881)
Other income, net 20,784  43,188  49,434 
Income (loss) before taxes 243,836  141,634  (150,570)
Income tax expense (benefit) 53,089  39,658  (72,274)
Net income (loss) $ 190,747  $ 101,976  $ (78,296)
Weighted average shares outstanding
Basic 334,460  350,525  348,149 
Diluted 349,393  356,437  348,149 
Net income (loss) per share
Basic $ .57  $ .29  $ (.22)
Diluted $ .55  $ .29  $ (.22)
See notes to consolidated financial statements.
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