Pro forma net earnings excluding merger, in-process research and development expenses and venture capital investment gains were a record $70.9 million, a 20% increase over 1999 net earnings of $59.0 million. Pro forma diluted earnings per share were also a record $1.77, a 20% increase over 1999 earnings per share of $1.48. Reported diluted earnings per share for the year including merger, in-process research and development expenses and venture capital investment gains were $2.07 compared to $1.42 last year.
For the fourth quarter ended December 31, 2000, revenue was a record $93 million, a 14% increase over the fourth quarter revenue of $81 million last year. Pro forma net earnings excluding venture capital investment gains were a record $18.8 million, a 15% increase over fourth quarter 1999 net earnings of $16.3 million. Pro forma diluted earnings per share were also a record $0.47, a 15% increase over fourth quarter earnings per share of $0.41 last year. Reported diluted earnings per share for the quarter including venture capital investment gains were $0.57 compared to $0.51 last year.
