Labels:barrier reef | bulletin board | sky | window OCR: Manag iements Di scussion Analysis f Financial Condition and Results of Operations 10 of 14 Results of Opera tions Fiscal 199. conpared to 1993 Operating Expenses (In thousands) 1994 1993 change Sales and marketing $14,597 $ 12,804 14% Percentage total revenues 39% 41% Research and development 10,106 8,464 19% Percentage of total revenues 27% 27% General and administrative 3.009 2,912 Percentage total revenues 8% %6 Merger, relocation and reorganization 476 251 {290}% Percentage of total revenues {1)% 1% Management thousainds
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