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Technology Stocks : STARBASE (SBAS)- InfoWorld Hot Product Review -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (1418)	9/26/2001 10:45:27 AM
From: SIer formerly known as Joe B.	Respond to of 1502

dailynews.yahoo.com Tuesday September 25 4:24 PM ET Nasdaq Mulls Waiver of $1 Delisting Rule By Siobhan Kennedy and Mark Weinraub NEW YORK (Reuters) - The Nasdaq stock market is considering changing its regulations so the large number of companies whose share price has fallen below $1 may not be delisted, sources close to the situation told Reuters Tuesday. There are around 669 Nasdaq companies now trading below $1 and many have already been delisted this year as the market fell sharply. Technology companies have been hit particularly hard. Market watchers said a move to loosen the restrictions could be one way for Nasdaq to stabilize its market, the second-largest equities market in the world. The changes, if they occur, could lead to Nasdaq retaining the 15 percent of its companies that are currently flirting with the $1 barrier. Nasdaq sends a company a notice telling it to shape up after it trades for less than $1 a share for 30 days in a row. If a company does not get its closing share price back above the $1 level for 10 trading days in a row during the next 90 days, Nasdaq sends it a delisting notice, which it can appeal. An executive at a well-known technology company who asked that it not to be identified told Reuters the company had been informed by Nasdaq it would not enforce the delisting rule, even though the shares had traded below $1 for nearly 30 days. The executive said the company's lawyers were told by Nasdaq it would waive its delisting regulations until at least the end of the year. Another technology company, whose stock also has traded below $1 for more than 30 days, said Nasdaq officials had told it that they were reviewing the delisting regulations. ``I've talked to the Nasdaq twice this week about this and both times they've said there is going to be some kind of relief, but that they have not yet decided what it's going to be,'' a source at the company said. A securities lawyer said Nasdaq has not strictly enforced its $1 rule on some companies he represents and whose share prices have fallen below the critical cut-off point. The chief executive of a leading share dealing firm, who asked not to be identified, told Reuters he advised Nasdaq it needed to change its delisting rules. ``The bottom line is that test alone ... is not adequate,'' he said. ``There should be a few tests. The $1 rule doesn't really make any sense. ``The reality is there's a lot of companies that are $50 million to $250 million in market capitalization that certainly have a lot of shareholders and a lot of trading value and a lot of net capital ... and would qualify to stay on markets. But because we have this hard-and-fast $1 rule, they're subject to delisting.'' Nasdaq was ``closely monitoring these issues,'' but spokesman Scott Peterson said it was too early to make any statements. The New York Stock Exchange (news - web sites) said it was not planning to relax its delisting rules, which are stricter than Nasdaq's. ``We look at these on a regular basis to ensure the levels of the standards, but we're not planning any special review in light of the events of the last couple of weeks,'' said Ray Pellechia, an NYSE spokesman. TRADING PENNY STOCKS Cromwell Coulson, head of Pink Sheets, a stock market that has no listing requirements for companies, said changes were appropriate. Many companies that have been delisted from Nasdaq have ended up being quoted on the Pink Sheets, such as speech recognition firm Learnout & Hauspie, software company AremisSoft Corp. and telecommunications firm Winstar Communication. ``In times of market instability regulators should (be) and have been flexible in standards rules governing listing requirements,'' Coulson said. But relaxing the rules would be a bad idea because of the dangers involved with trading low-priced stocks, said Roy Smith, a professor of finance at the Stern School of Business at New York University. ``We don't want to support trading in securities of companies that are riskier than securities in general should be,'' he said. ``The penny stock sector has been where many of the so-called fraudsters have gone to manipulate markets.'' After the Sept. 11 attacks on the United States, the Securities and Exchange Commission (news - web sites), which must approve any rules changes by Nasdaq, relaxed its regulations on companies buying back their own stock. Nasdaq would have to come up with a better reason for the listing changes than to say a slow economy ruined many of the companies that had contributed to the technology-fueled bull market of the 1990s, Smith said. ``The burden is on them to make the case for it,'' he added.

To: Roy F who wrote (1418)	11/8/2001 8:26:20 AM
From: Roy F	Read Replies (1) \| Respond to of 1502

Starbase Announces Joint Distribution Agreement with QA-Systems International BV Agreement Expands the Distribution Channel for the Collaboration Suite to the International e-business Markets in Germany, Austria and the Benelux Countries SANTA ANA, Calif.--(BUSINESS WIRE)--Nov. 8, 2001-- Starbase Corp. (Nasdaq:SBAS - news), the leading provider of end-to-end collaborative products for both the development and management of content and code for enterprise and e-business applications, and QA-Systems International BV, a Netherlands-based provider of software quality assurance and testing solutions, today announced the signing of a strategic distribution and marketing agreement. Under the terms of the agreement, the companies, acting as authorized resellers, will promote broader adoption of each other's development and management solutions through national and international sales channels. The cross distribution agreement extends the innovative development and management technology solutions developed by the companies to global enterprise organizations. QA-Systems will distribute, market and support the Starbase Collaboration Suite components of CaliberRM, StarTeam and eXpressroom through existing sales channels in Germany, Austria and the Benelux countries. Starbase will distribute, market and support QStudio for Java, the Java code analysis tool from QA-Systems, through its network of distributed sales teams across the United States and Canada, as well as through Starbase's International Distributor organization. ``Starbase addresses the challenge of managing and controlling the software development process with an extensive suite of productivity enhancing solutions,'' stated Wim van de Brug, CEO of QA-Systems. ``The Starbase Suite of products will add significant value to what we offer and will enable us to extend even further our mission to help customers better manage an integrated development process.'' Continued van de Brug: ``There are a growing number of high-tech companies based in our distribution target market that are as eager as their North American counterparts to reduce development costs and improve the ROI of their software investments. We look forward to introducing a solution like the Collaboration Suite that will assist in that effort.'' ``Partnering with an international leader such as QA-Systems will deliver immediate revenue opportunities for Starbase through the joint distribution of products and expanded sales channels provided for in this agreement,'' stated William R. Stow III, president and CEO. ``Broader European adoption of the Starbase Collaboration Suite will not only strengthen our share of market, but also increase our visibility within the global development market. Our partnership strategy to expand and extend the tools, best practices and services we have to offer, both nationally and internationally is strengthened by this alliance.'' About QA-Systems QA-Systems -- The software quality company -- is an innovative provider of software quality assurance and testing solutions. QA-Systems' products enable software development organizations to improve the quality of the software product's source code and to reduce the time it takes to deliver software applications. QA-Systems offers its customers professional services through the QStudio(TM) methodology that includes consulting, training and maintenance services to facilitate successful implementations. For more information, visit: www.qa-systems.com. About Starbase Starbase is the leading provider of end-to-end collaborative products for both the development and management of integrated content and code for enterprise and e-business applications. Collaboration is the simultaneous coordination, management and communication of geographically dispersed contributors of both code and content for e-business applications. With more than 3,500 Starbase customers worldwide, the company's technology supports the continuous cycle of creating, linking and managing digital assets, which comprise complex e-business applications. Starbase products enable users with differing technical and functional backgrounds to collaborate on the production and management of Web sites and e-business initiatives from multiple locations. Companies and organizations, including leading corporations such as Chase Bank, Dell Computer, Lucent Technologies, Motorola, PepsiCo and Seagate Technology have selected Starbase products to manage their e-business development projects. Deloitte & Touche named Starbase to the prestigious ``2001 Orange County/San Diego Technology Fast 50'' program, a ranking of the 50 fastest growing technology companies in the area. Starbase has headquarters at 4 Hutton Centre Drive, Suite 900, Santa Ana, Calif., 92707. Tel: 714/445-4400. Fax: 714/445-4404. Visit Starbase's Web site at www.starbase.com. Forward-Looking Statements When used in the preceding discussion, the words ``believes, expects, or intend to'' and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, (i) conditions in the general economy or the software industry, (ii) the timely development and market acceptance of products and technologies, (iii) competitive factors, (iv) demand for team productivity software products, (v) sell-through of products in the sales channel, and (vi) other risks described in Starbase Corp.'s SEC reports and filings. Note to Editors: Starbase and its product names are trademarks of Starbase Corp. All other product and company names herein are trademarks of their respective owners. -------------------------------------------------------------------------------- Contact: Starbase Corp., Santa Ana Martha Ray (public relations), 714/445-4531 Martha.Ray@starbase.com or Nick Kavadellas, 714/445-4440 Nick.Kavadellas@starbase.com