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Macromedia to report loss in first quarter

Macromedia today announced that it expects to report an operating loss of 15 to 20 cents per share for its first quarter, which closes June 30. Analysts had been expecting a profit of 13 cents per share. The company expects to post revenues of $85 million to $90 million. “While our products continue to maintain leading market share, the web professional development tools market is down 20-30 percent year on year this quarter,” said Macromedia Chairman and CEO Rob Burgess.

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