The pro forma net loss for the quarter, excluding McAfee.com and non-cash interest expense, amortization expense, compensation charges related to employee stock options and a writedown of the company’s equity securities holdings, was $2.7 million, or a loss of $0.02 per share. On a consolidated basis, the second quarter net loss was $37 million, or $0.27 per share.
The company ended the quarter with cash and marketable securities totaling $650.6 million, an increase of $14 million over the prior quarter. The increase in cash and marketable securities was attributed to cost-saving initiatives and increased efficiencies. The company was cash flow positive for the quarter notwithstanding a $10.7 million payment to purchase shares held by third parties in its Japanese subsidiary.
I am more confident than ever that we are on the right track from both a product and an operational standpoint, said George Samenuk, chairman, president and CEO of Network Associates. Our focus on international markets has been validated by the overseas growth the company reported today, and the entire Network Associates team is working toward the same goal of listening to our customers and doing what it takes to meet their needs.
