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Technology Stocks : TouchStone S/W (TSSW)

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To: tom r. phillips who wrote (3057)2/5/2000 5:39:00 PM
From: David Alan Cook   of 3627
 
Tom,
On the day of the Partsbase.com Offering ( IPO ), TSSW's preferred stock gets immed. converted into common shares. Thus, each one point move would be worth $260,000 for TSSW. if the stock were to double in the next 6 months - assuming an offering price of $12.00, TSSW would receive $260,000 * $12 = $3,120,000 in additional income which would significantly increase EPS and cash. The industry Price to Earnings Ratio is 64.44. The Sector Price to Earnings Ratio is 56.72. TSSW has about 11.3 million shares outstanding. TSSW traded as High as $16.38 in Sept 95 when the company returned to the black.
This investment is the first B2B investment the company makes. The company is reviewing other B2B investments.
An even greater impact on both earnings and shareholder value would be the result of the company's e.support IPO which will be launched later this year.

I am happy with the progress TSSW has made the last year. This company's outlook has significantly improved. Looking forward to the IPO(s)

DC
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