Exhibit 99.1

SELECTED FINANCIAL DATA

The following tables set forth selected consolidated financial data for each of the years in the five-year period ended June 30. The results for the fiscal year ended June 30, 2004 are not necessarily indicative of the results for any future period. The selected consolidated financial data set forth below should be read in conjunction with our consolidated financial statements as of June 30, 2004 and 2003 and for each of the years in the three-year period ended June 30, 2004 and notes thereto set forth in Exhibit 99.3 and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”


	Fiscal Year Ended June 30,
	2004			2003			2002			2001			2000
	(In thousands, except per share data)
CONSOLIDATED STATEMENTS OF OPERATIONS DATA:
Net sales	$	295,658		$	300,996		$	216,238		$	228,346		$	228,704
Costs and expenses:
Cost of sales		158,688			142,399			108,105			131,651			110,032
Engineering and product development		36,916			34,109			28,872			31,743			27,676
Sales, marketing and service		93,387			83,956			67,247			60,855			54,589
General and administrative		22,025			19,019			15,607			13,711			10,537
Amortization of goodwill		—			—			12,569			8,897			6,982
Amortization of other intangible assets		4,861			5,579			10,606			9,881			10,147
Impairment of goodwill		12,311			—			—			—			—
Restructuring costs		3,640			—			—			—			—
In-process research and development		2,193			—			—			—			3,500
Legal settlement		—			—			—			—			2,102
Acquisition settlement		—			—			—			12,880			—

Total costs and expenses		334,021			285,062			243,006			269,618			225,565

Operating income (loss)		(38,363	)		15,934			(26,768	)		(41,272	)		3,139
Interest and other income, net		1,679			2,601			2,208			1,838			3,403
Impairment of equity investments		—			—			—			(1,658	)		—

Income (loss) from continuing operations before income taxes and cumulative effect of change in accounting principle		(36,684	)		18,535			(24,560	)		(41,092	)		6,542
Income tax expense		4,721			3,220			5,478			7,616			373

Income (loss) from continuing operations before cumulative effect of change in accounting principle		(41,405	)		15,315			(30,038	)		(48,708	)		6,169

Discontinued operations:
Income (loss) from discontinued operations, net of taxes		(5,968	)		(17,885	)		(10,045	)		(11,484	)		1,418
Loss on sale of discontinued operations, net of taxes		(6,820	)		—			—			—			—

Income (loss) from discontinued operations		(12,788	)		(17,885	)		(10,045	)		(11,484	)		1,418

Income (loss) before cumulative effect of change in accounting principle		(54,193	)		(2,570	)		(40,083	)		(60,192	)		7,587
Cumulative effect of change in accounting principle		—			(19,291	)		—			(356	)		—

Net income (loss)	$	(54,193	)	$	(21,861	)	$	(40,083	)	$	(60,548	)	$	7,587

Income (loss) per share from continuing operations before cumulative effect of change in accounting principle:
Basic	$	(0.62	)	$	0.25		$	(0.53	)	$	(0.94	)	$	0.13
Diluted	$	(0.62	)	$	0.24		$	(0.53	)	$	(0.94	)	$	0.11
Income (loss) per share from discontinued operations:
Basic	$	(0.19	)	$	(0.29	)	$	(0.17	)	$	(0.22	)	$	0.03
Diluted	$	(0.19	)	$	(0.29	)	$	(0.17	)	$	(0.22	)	$	0.03
Cumulative effect per share of change in accounting principle:
Basic and diluted	$	—		$	(0.32	)	$	—		$	(0.01	)	$	—
Net income (loss) per share:
Basic	$	(0.81	)	$	(0.36	)	$	(0.70	)	$	(1.17	)	$	0.16
Diluted	$	(0.81	)	$	(0.36	)	$	(0.70	)	$	(1.17	)	$	0.14
Shares used to compute net income (loss) per share:
Basic		67,069			61,247			56,859			51,729			48,311
Diluted		67,069			64,801			56,859			51,729			55,442

	As of June 30,
	2004			2003			2002			2001			2000
	(In thousands)
CONSOLIDATED BALANCE SHEET DATA:
Working capital	$	81,327		$	106,616		$	115,698		$	114,422		$	138,330
Total assets		301,744			310,876			255,703			266,957			322,799
Retained earnings (accumulated deficit)		(169,487	)		(115,294	)		(93,433	)		(53,350	)		7,198
Shareholders’ equity	$	210,682		$	226,157		$	205,908		$	220,362		$	259,620

PINNACLE SYSTEMS INC 8-K