Netscape's Work Culture

EXHIBIT IV
NETSCAPE CONSOLIDATED STATEMENT OF OPERATIONS

(in US$ thousands)	1994	1995	1996	1997	1998 (Oct 31)
Revenues
Product	3337	77489	291183	383950	261457
Service	801	7898	55111	149901	186352
Total	4138	85387	346294	533851	447809
Cost of Revenues:
Cost of Pdt Rev	186	9177	36943	50232	27313
Cost of Ser Rev	247	2530	13124	31557	90717
Total	433	11707	50067	81789	118030
Gross Profit	3705	73680	296227	452062	329779
Operating Expenses
R&D	4146	26841	83863	129928	123238
Sales & Mktg.	7750	43679	154545	272110	213004
Gen & Admn	3389	11336	30981	50356	42715
Property rights agmt and related charges	2487	500	250	--	--
Purchased in-process R&D	--	--	--	103087	--
Mergers related charges	--	2033	6100	5848	--
Restructuring charges	--	--	--	23000	12000
Goodwill Amortization	--	--	--	--	5088
Total	17772	84389	275739	584329	396045
Operating Income (Loss)	-14067	-10709	20488	-132267	-66266
Interest Income	251	4898	--	--	6873
Interest Expense	-14	-304	--	--	--
Net Income (Loss)	-13830	-6613	19517	-115496	-51417

Source: www.sec.gov

ADDITIONAL READINGS AND REFERENCES

1. Birchard Bill, Hire Great People Fast, www.fastcompany.com, November 1995.
2. Steinert Tom, Can You Work at Netscape Time?, www.fastcompany.com, November 1995.
3. Brown Janelle, Start-Up-Cum-Goliath Works Hard to Get Help, www.wired.com, August 22, 1997.
4. Netscape through the Ages, www.wired.com, November 23, 1998.
5. Katz Jon, The Netscape Tragedy, www.slashdot.org, November 23, 1998.
6. Tsuruoka Doug, America Online must prove that East Can Meet West, www.loyaltyfactor.com, November 25, 1998.
7. Geeks Vs Suits, www.nua.ie, November 30, 1998.
8. Kornblum Janet, Can Aol And Netscape Make It Work?, CNET News.com, November 30, 1998.
9. Schneider Polly, Inside Netscape, The Renaissance Company, www.cnn.com, January 5, 1999.
10. Zaret Elliot, The Rise and Fall of Netscape, www.msnbc.com, March 8, 1999.
11. Swartz Jon, AOL-Netscape: One Year Later, www.forbes.com, December 1, 1999.