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  Be Incorporated Reports Second Quarter Results

  For more information, contact:

Be Incorporated
Guillaume Perrotin, 650/462-4100
investors@be.com

Be Incorporated Reports Second Quarter Results

MENLO PARK, Calif. -- July 25, 2001 -- Be Incorporated (Nasdaq:BEOS) today reported financial results for the quarter ended June 30, 2001.

Net revenues for the second quarter of 2001 were $715,000. Revenues were primarily attributable to integration services performed for customers.

The Company reported a net loss for the quarter of $0.10 per share excluding restructuring charges and non-cash expenses associated with the amortization of deferred compensation. The Company had previously reported a comparable net loss of $0.14 per share for the first quarter and a net loss of $0.13 per share for the second quarter of last year. Including non-cash expenses associated with the amortization of deferred compensation, net loss per share for the second quarter this year was $0.11 per share.

During the quarter, the Company completed the restructuring announced at the beginning of the quarter and recorded a related restructuring charge of $143,000 this quarter in addition to the $307,000 recorded in the first quarter.

About BeIA: The Complete IA Solution

BeIA comprises the Client Platform, Integration Services and the BeIA Management and Administration Platform. This integrated package of small footprint client-side software; development, customization and device management tools and services; and key third-party services and technology, delivers a complete Internet appliance solution to device and service providers, including consumer electronics companies.

About Be Incorporated

Founded in 1990, Be Inc. creates software solutions that enable rich media and Web experiences on personal computers and Internet appliances. Be's headquarters are in Menlo Park, California. It is publicly traded on the Nasdaq National Market under the symbol BEOS. Be can be found on the Web at http://www.be.com/.

Forward-Looking Statements

Statements contained in this Press Release that are not historical facts are ``forward-looking statements'' including without limitation statements regarding the future operating results of Be Incorporated. Actual events or results may differ materially as a result of risks facing Be Incorporated or actual results differing from the assumptions underlying such statements. All forward-looking statements are expressly qualified in their entirety by the ``Risk Factors'' and other cautionary statements included in Be Incorporated's Annual Report on Form 10-K for the year ended December 31, 2000, and other public filings with the Securities and Exchange Commission.

                            BE INCORPORATED
            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
               (in thousands, except per share amounts)
 
                               Three Months Ended   Six Months Ended
                                     June 30,            June 30,
                                 2001      2000       2001      2000

 Net revenues                  $   715   $   142    $   815   $   396
 Cost of revenues                  320       261        571       554
                               -------   -------    -------   -------
 Gross profit (loss)               395      (119)       244      (158)

 Operating expenses:
  Research and development       2,276     1,843      4,655     3,991
  Sales and marketing              557     1,883      2,111     3,974
  General and administrative     1,370       939      2,380     1,969
  Restructuring charge             143        -         450        -
  Amortization of deferred
   stock compensation               29       657        331     1,690
                               -------   -------    -------   -------
 Total operating expenses        4,375     5,322      9,927    11,624
                               -------   -------    -------   -------
 Loss from operations           (3,980)   (5,441)    (9,683)  (11,782)

 Other income, net                  84       322        230       663
                               -------   -------    -------   -------
 Net Loss                      $(3,896)  $(5,119)   $(9,453) $(11,119)
                               ========   =======    =======   =======
Basic and diluted net
 loss per share                $ (0.11)    (0.14)   $ (0.26)  $ (0.32)
                               ========   =======    =======   =======
 Shares used to compute
  basic and diluted net
  loss per share                36,466    35,496     36,330    35,247
                               ========   =======    =======   =======
 Net loss per share excluding
  restructuring charge and
  amortization of deferred
  compensation                 $ (0.10)  $ (0.13)   $ (0.24)  $ (0.27)
                               ========   =======    =======   =======


                            BE INCORPORATED
                 CONDENSED CONSOLIDATED BALANCE SHEETS
                            (in thousands)

                                        June 30,       December 31,
ASSETS                                    2001             2000
                                      -------------    -------------
Current assets:
 Cash, cash equivalents
    and short term investments         $  4,902         $ 14,057
 Accounts receivable, net                   276               26
 Prepaid expenses and other                 356              549
                                      -------------    -------------
Total current assets                      5,534           14,632

Property and equipment, net                 311              391
Other assets                                713            1,048
                                      -------------    -------------
Total Assets                           $  6,558         $ 16,071
                                      =============    =============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
 Accounts payable                       $    25          $   362
 Accrued expenses                         1,085            1,502
 Technology license obligations             425              454
 Deferred revenue                            64              109
                                      -------------    ------------
Total current liabilities                 1,599            2,427
Technology license obligations              238              320
Total stockholders' equity                4,721           13,324
                                      -------------    ------------
Total Liabilities and
 Stockholders' Equity                  $  6,558         $ 16,071
                                      =============    =============


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Copyright 2002 by Be, Inc. All rights reserved. (Legal Info)
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