Sigma Designs’ statement of operations is summarized below (dollars in thousands):

1995 1994 1993 Net sales $43,700 $ 34,989 $27,058 Costs and expenses:

Cost of sales 36,980 27,538 23,045 Restructuring charges (517) 13,654 0 Sales and marketing 9,022 9,448 7,476 Research and development 4,349 11,988 5,043 General and administrative 3,521 2,718 1,951 Total cost and expenses 53,355 65,346 37,515 Income (loss) from operations (9,655) (30,357) (10,457)

Interest income—net 336 699 1,207 Other net 546 (39) (67)

Income (loss) before income taxes (8,773) (29,697) (9,317)

Provision (credit) for income taxes — (151) (2,151)

Net income (loss) $(8,773) $(29,546) $(7,166)