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Technology Stocks : Roaring Internet Stocks

YHOO 52.58

0.0%

Jun 26 5:00 PM EST

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To: GARY P GROBBEL who wrote (512)	12/29/1998 9:18:00 AM
From: David Alan Cook	Read Replies (1) of 1530

TSSW internet plans . . Look under A Move to the Internet Paragraph Looking for an announcement early in the year. New Business Strategy The third and most important step in Forbes' three-pronged turnaround strategy has been to work with the TouchStone management team to identify and validate new business opportunities to set TouchStone's future direction. "While we will continue to have a strong presence in retail, and are committed to marketing new retail products," Forbes said, "we can no longer rely on the retail channel alone to drive TouchStone's growth. Over the past six weeks the management team and I have diligently researched new markets for our diagnostic know-how. I am pleased to report that we have identified a specific opportunity that will allow TouchStone to command a strong position in a rapidly growing market. Having gained the approval of the board of directors to develop a detailed plan, we are now engaged in pursuing this opportunity." A Move to the Internet While specific details must be withheld to protect the company's competitive advantage and future shareholder value, Forbes noted that this opportunity involves using TouchStone's diagnostic capabilities and the Internet ** Any announcement with details will send this stock sharply higher IMO. Company has yet to release details . . . Given recent rise in other small internet companies, I would expect a similar move in TSSW.

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