SINA.COM
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands, except per share data)
		Three months ended					Nine months ended
		March 31,			December 31,		March 31,
		2001	2002		2001		2001	2002
Net revenues
Advertising		$           5,429	$          5,001		$            5,127		$                  18,385	$                  15,272
Software products		425	171		296		1,815	776
E-Commerce and other		275	1,943		1,346		704	3,897
		6,129	7,115		6,769		20,904	19,945
Cost of revenues
Advertising		3,377	2,753		3,068		10,704	8,847
Software products		69	1		9		624	35
E-Commerce and other		115	633		388		384	1,073
		3,561	3,387		3,465		11,712	9,955
Gross profit		2,568	3,728		3,304		9,192	9,990
Operating expenses
Sales and marketing		5,634	3,072		3,178		17,657	9,578
Product development		2,364	1,574		1,583		7,372	5,079
General and administrative		1,855	1,920		1,926		5,866	5,741
		9,853	6,566		6,687		30,895	20,398
Loss from operations		(7,285)	(2,838)		(3,383)		(21,703)	(10,408)
Other income, net		1,850	1,068		1,123		5,850	3,495
Pro forma net loss		$         (5,435)	$         (1,770)		$          (2,260)		$                (15,853)	$                  (6,913)
Share used in computing pro forma basic and
diluted net loss per share		40,300	45,488		45,396		39,996	43,894
Pro forma basic and diluted net loss per share		$            (0.13)	$           (0.04)		$            (0.05)		$                     (0.40)	$                     (0.16)
Reconciliation from GAAP results to pro forma results:
GAAP net loss		$         (9,010)	$         (3,971)		$          (4,933)		$                (28,133)	$                (14,198)
Stock based compensation
	Cost of revenues	96	31		32		334	104
	operating expenses	1,583	520		533		5,767	1,735
Amortisation of intangibles		1,688	1,687		1,688		5,077	5,063
Loss (Gain) from equity investments		-	(300)		420		894	120
Restructuring charges and moving expenses		208	263				208	263
Pro forma net loss		$         (5,435)	$         (1,770)		$          (2,260)		$                (15,853)	$                  (6,913)