Wednesday, August 14, 2002

Macromedia Files Form 10-Q

SAN FRANCISCO, CA—August 14, 2002—Macromedia, Inc. (Nasdaq: MACR) today filed its Form 10-Q with the Securities and Exchange Commission for the first quarter of fiscal year 2003 (the 'Form 10-Q'). The Form 10-Q reflects certain adjustments to the Company's financial results announced on July 17, 2002. These adjustments resulted from information that became available to the Company subsequent to the July 17, 2002 announcement and are reflected in the financial results consistent with the Company's policy of accounting for subsequent events. The adjustments concerned the reversal of a $2.8 million charge and reserve relating to the judgment in the now settled Adobe patent litigation and a deferral of approximately $500,000 of revenue consistent with the Company's revenue recognition policies.

In addition, Macromedia has provided, along with its Form 10-Q, the certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 of its Chief Executive Officer, Robert K. Burgess, and Chief Financial Officer, Elizabeth A. Nelson.

As revised, the net revenues for the quarter ended June 30, 2002, were $83.7 million, compared with revenues of $88.7 million reported in the same quarter a year ago. Pro forma net income for the first quarter of fiscal year 2003 was $54,000, or $0.00 per diluted share, compared to a pro forma net loss of $8.6 million, or $0.15 per share for the first quarter of fiscal year 2002. Net loss on a GAAP basis for the quarter ended June 30, 2002, improved to $2.0 million or a loss of $0.03 per share, compared to a loss of $111.8 million or $1.94 per share for the same quarter a year ago.

Tuesday, August 13, 2002


Companies develop curriculum for web design and development teaching

Boston, MA and San Francisco, CA—August 13, 2002—Macromedia, Inc. (Nasdaq: MACR) and Course Technology, a worldwide leader in computer education products and services and part of The Thomson Corporation (NYSE: TOC; TSX: TOC), today announced a partnership to publish, market, and jointly distribute a new brand of educational oriented textbooks and curriculum entitled Macromedia Education.

Macromedia and Course Technology will develop a co-branded series of multimedia and webdesign content and curriculum specifically created for students and teachers in the K-12 and higher education markets. This series, available in eight languages, integrates Macromedia's subject-matter expertise with Course Technology's innovative approach to educational publishing.

"Understanding the basics of web development and design is fast becoming an essential component of any well-rounded education, and this partnership is uniquely suited to meet this emerging need," said Joe Dougherty, president, Course Technology. "By combining Macromedia's web development and design expertise with Course Technology's unparalleled approach to computing education, educators at every level will finally have the tools they need to ensure that their students get the most from their courses."

"Educators are seeking ways to integrate technology across the curriculum and provide engaging, relevant projects for students that build valuable digital skills. Research shows that today's generation of children are comfortable using computers and multimedia as forms of communication," said Pat Brogan, vice president of education, Macromedia. "Partnering with Course Technology enables Macromedia to reach more teachers and provide them tools and support for integrating technology programs across educational systems."

The first two co-branded titles for Macromedia Education are "Macromedia Studio MX Step-by-Step," a new student textbook and "Multimedia Projects for Macromedia Flash MX and Dreamweaver MX," a teaching binder. These books will begin shipping this summer and be available directly from Course Technology and Macromedia. To ensure that educators provide their students with timely, relevant coursework, Course Technology and Macromedia aim to publish new titles in close coordination with Macromedia software releases. For more information, go to