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To: David Alan Cook who wrote (517)	2/20/1998 7:39:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

TSSW - It looks like TSSW ran up in anticipation of earnings then dumped a bit when word got out about the revenue drop. TSSW may shine late this year, but it still looks shaky to me. TouchStone Software Reports Improved Fourth Quarter Financial and Year-End Results HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Feb. 19, 1998-- TouchStone Software Corp. (Nasdaq: TSSW - news) Thursday reported a profit of $23,000, a break-even per share on 7.9 million shares outstanding, for the fourth quarter ended Dec. 31, 1997. This compares with a loss of $228,000, or $0.03 per share on 7.7 million shares outstanding, in the same period last year. The company also reported total revenues of $1,671,000, compared with total revenues of $2,768,000 for the same period a year ago. Revenues for the year ended Dec. 31, 1997 were $7,915,000, compared with $7,667,000 for the same period a year ago. The loss for the 12-month period was $2,057,000, or $0.26 per share on 7.8 million shares outstanding. In the same period of 1996, the company reported a loss of $4,529,000, or $0.60 per share on 7.6 million shares outstanding. Larry Jordan, president and chief executive officer of TouchStone Software, said: ''Decreased sales of PC-cillin Anti-Virus caused by the continued competition in the anti-virus software category, especially in the retail channel, account for the reduced revenue. Due to changing product and channel mixes, we've improved our gross profit margin to 73% for the fourth quarter compared with 60% for the same period a year ago by reducing the royalties paid to other developers and a reduced cost of goods in the current product lines. The internal restructuring that began in the third quarter resulted in a $700,000 reduction in expenses in the fourth quarter, a decrease of 35% compared to the same period last year. We have also made a commitment to explore new sales channels.''

To: David Alan Cook who wrote (517)	2/20/1998 10:18:00 AM
From: jgideon	Read Replies (1) \| Respond to of 118717

Yes, David, you are accurate and forthright. Your posts contain lots of information and are very valuable. My comment was only in the vein of that you post a lot about the stocks you own and send email reminders as well to those who contact you. On a small stock like this, I'm not sure that this doesn't have an effect. I was not convinced that TSSW had excellent prospects, but I've been totally wrong before, as have we all. I really do wish you the best of luck in this investment. However, when somebody asks my thoughts on this stock, I will invariably connect it to your name. Perhaps you'll get some more DC Express subscribers out of it. Here's to a rising tide to lift all boats. jg