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Macromedia Expects to Report a Loss

Press release from the issuing company

SAN FRANCISCO, June 27- Macromedia, Inc. today provided financial guidance for its first fiscal quarter ending June 30, 2001. This is the first financial outlook the company has provided since it completed its acquisition of Allaire on March 20, 2001. Based on preliminary information, Macromedia expects revenue for the quarter ending June 30, 2001 to be in the range of $85 to $90 million, resulting in a pro-forma loss of $0.15 to $0.20 per share. These pro-forma results exclude acquisition related, restructuring and other one-time charges. "While our products continue to maintain leading market share, the web professional development tools market is down 20-30% year on year this quarter,'' said Rob Burgess, chairman and CEO of Macromedia. "We remain very confident in our long term product strategy and are taking aggressive steps to control our costs and return the company to profitability.'' The company is scheduled to report first quarter financial results on July 19, 2001.

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