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Technology Stocks : Timberline Software (TMBS) -- Ignore unavailable to you. Want to Upgrade?

To: James Overko who wrote (805)	3/25/2000 10:42:00 PM
From: Jumper	Read Replies (1) \| Respond to of 819

IBD article, Financial B2B eyeballs lists TMBS. Best return on equity and highest margin in the bunch. Heck on most of these companies earnings and margins remain N/A hohoho

To: James Overko who wrote (805)	3/27/2000 10:00:00 AM
From: Robert C. Nusbaum	Read Replies (2) \| Respond to of 819

Just in case anyone missed the news :-0 Timberline Expects First Quarter Earnings to be Below Analysts' Estimates BEAVERTON, Ore.--(BUSINESS WIRE)--March 27, 2000--Timberline Software Corporation (Nasdaq:TMBS - news), a leading developer of computer software for the construction and property management industries, announced today that it expects earnings for the quarter ending March 31, 2000 to be significantly below analysts' estimates, primarily due to a shortfall in software license revenue. Although the Company expects service fee revenue to increase over the same period last year, software license revenue for the first quarter of 2000 is expected to be less than analysts' estimates, the Company's internal projections and last year's first quarter. The Company believes the following factors contributed to this shortfall: There was a general consensus by market research firms and industry experts that there would be a significant, continuing demand well into the year 2000 by construction companies needing to upgrade their computer software because of the Y2K issue. So far this year, the Company has not seen any significant business specifically related to Y2K. The Company experienced a significant slowdown in sales leads at the end of 1999, primarily due to construction companies focusing on their internal operations in preparation for the upcoming new millennium. Although leads and the sales pipeline as of this date are improving, they were low throughout the first quarter and are still below levels that existed during the first quarter of 1999. The Company had targeted the specialty contractor segment of the construction industry as a primary focus for future growth. However, because of delays in introducing new products needed for this market segment, the Company has not been able to begin penetration as quickly as it had anticipated. The Company's Purchase Order/Inventory application was released in February and a Service Billing application is not expected to be released until the early part of the third quarter this year. The decline in software license revenue from last year's first quarter is accentuated due to the largest, single software order in the Company's history in that quarter. The Company is not expecting a comparable order in the first quarter this year. For the quarter ending March 31, 2000, the Company expects earnings to be in the range of $.06 to $.08 per diluted share. For the quarter ended March 31, 1999, net income amounted to $.17 per diluted share. Revenue and net income in 1999 were favorably impacted by a large software order, as mentioned above, which increased diluted earnings per share by approximately $.03 per share for the first quarter. ``Software orders did not ramp up as we had anticipated during the quarter,' said Curtis Peltz, President and Chief Executive Officer. ``Activity level within our distribution channel is very good and we do not believe we are losing market share or losing business to our competitors. While we believe we are taking the necessary actions to improve software license revenue and our earnings performance, should the weakness in software orders continue, financial results for subsequent quarters may also be adversely affected.' The Company will continue to devote significant resources in its product development efforts and plans to announce its B2B internet strategy and the release of new software products in the near future. Statements in the press release about future events or performance are considered ``forward looking statements' under Federal securities laws and are subject to risks, uncertainties and other factors which could cause actual results to be quite different from those described or contemplated by forward looking statements. With respect to the Company, these factors include variations in historical revenue patterns, delays in new product releases or in acceptance of the Company's products, performance failures by the Company's vendors, changes in the systems on which the Company's products operate, increased competition, and changes in general market conditions. These factors are described in further detail in the Company's most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K filed with the Securities and Exchange Commission (www.sec.gov). Readers are cautioned not to place undue reliance on forward looking statements. Founded in 1971, Timberline Software Corporation is a leading supplier of project accounting and cost estimating software for the construction and property management industries. -------------------------------------------------------------------------------- Contact: Timberline Software Corporation Carl Asai, 503/690-6775 Fax, 503/439-5299 www.timberline.com