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To: Elliot Puritz who wrote (2854)	11/16/1998 6:18:00 PM
From: Richard	Respond to of 13797

On the positive side they managed to improve the balance sheet with over 2 million in cash without diluting the stock. They should have enough cash for the next 6 to 12 months. They have reduced their quarterly loss to 11 cents per share from 19 cents last quarter and 30 cents from the previous, so the trend is good. The question is, can they produce enough revenue over the next 6 months to get to a break-even level? Book value is negative 39 cents per share but should improve as they recognize their capital gain from the recent sale, and if they can possibly make money in the future. They have made some serious progress from 6 months ago but we're not out of the woods yet. They have to make some significant gains in revenue to stop losing money, so that we don't have to dilute the stock. Good luck Rich

To: Elliot Puritz who wrote (2854)	11/16/1998 6:21:00 PM
From: jackhach	Read Replies (1) \| Respond to of 13797

Altris Software Announces Results for Third Quarter 1998 Business Wire - November 16, 1998 17:06 SAN DIEGO--(BUSINESS WIRE)--Nov. 16, 1998--Altris Software, Inc. (OTCBB: ALTS) today reported results of operations for its third fiscal quarter ended September 30, 1998. Total revenues for the quarter were $3.1 million compared to $5.0 million for the quarter ended September 30, 1997. The net loss for the quarter totaled $982,000 or ($0.11) per share compared to a net loss of $1.5 million or ($0.17) per share for the same period of 1997. Total revenues for the nine-months ended September 30, 1998 were $9.7 million compared to $13.8 million for the nine-months ended September 30, 1997. The net loss totaled $5.4 million or ($0.60) per share compared to a loss of $5.4 million or ($0.57) per share for the same period of 1997. In the third quarter the Company completed a transaction to sell and license certain software to SDRC which provided over $2 million of cash to the Company in the quarter. The Company deferred recognition of $2.7 million in revenue in connection with the transaction. The deferred revenue, which is included in liabilities on the Company's balance sheet, is expected to be recognized over the estimated economic life of the products. Roger Erickson, Altris' Chief Executive Officer, stated, "We continue to see improvements as the effects of the restructuring take hold. Results of the third quarter included the remaining $85,000 of restructuring expense incurred from our operating plan implemented earlier this year. In addition, the Company incurred expense in the quarter of approximately $100,000 associated with the SDRC transaction." Erickson also noted, "I am encouraged by the improvement in our gross margin for the quarter to 48% compared to 41% posted in the second quarter of 1998, which was primarily due to a decline in the percentage of third party products." Erickson added, "Another accomplishment in the quarter was the shipment of the preview release of Altris EB(tm) on time in July. Our initial training focused on a select group of our customers and partners on Altris EB to enable them to evaluate and commence the development of applications for use with the product. During the quarter, we also began demonstrating our Altris EB product to existing customers and in the last month we have focused our efforts on regional user group meetings. During these meetings, the product has been well received and we are encouraged about the enthusiasm the product is generating. We now expect to release in late January 1999 a version of Altris EB for early shipment for integration into the operating environments of a limited number of Altris customers and partners. General distribution of the product is expected to follow later in the quarter."