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Technology Stocks : Peritus Software Services (PTUS) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (1707)	12/1/1998 3:52:00 PM
From: bob	Respond to of 1960

Just joking. Read that he bought at 4 3/4 the other day. Guess he is losing his touch!

To: JDN who wrote (1707)	12/1/1998 3:52:00 PM
From: TEDennis	Respond to of 1960

JDN/Bob: Yep. Bought TAVA several days ago at 4 3/4. So far, so good. TED

To: JDN who wrote (1707)	12/3/1998 8:50:00 AM
From: JSI	Respond to of 1960

Peritus Software Services, Inc. Announces Restructuring BILLERICA, Mass., Dec. 2 /PRNewswire/ -- Peritus Software Services, Inc. (Nasdaq: PTUS - news), a provider of solutions for software maintenance, today announced additional restructuring plans. The restructuring will include the reduction of approximately 45 employees from its current workforce. The restructuring charges related to the employee reduction and related facilities expenses to be recorded in the quarter ending December 31, 1998 are expected to be approximately $1.2 million. In light of the employee reduction, the Company is reviewing its property, plant and equipment to determine if any changes to depreciation schedules or carrying values are warranted. As of September 30, 1998, the Company's net book value of property, plant and equipment was $5.2 million. The Company also indicated that, including the above charges related to the employee reduction and related facilities expenses but excluding any charges for adjustments to the net book value of property, plant and equipment, it expects to incur a net loss for the fourth quarter of between $2.0 million and $4.5 million. This expectation is based upon the information available to date. Commenting on the restructuring, Dominic Chan, President and CEO said: ''We are making this reduction to reorient our Company for transition to greater Outsourcing emphasis while satisfying our Year 2000 customers. While making these cost and expense reductions, we will continue to maintain the resources needed to meet our client commitments.'' About Peritus Founded in 1991, Peritus Software Services, Inc. is a provider of software maintenance outsourcing services. The Peritus Software Asset Maintenance (SAM) offerings enable organizations to transform the maintenance process into an efficient, cost-effective discipline that boosts productivity and performance. SAM offerings include customized services for software providers, information systems organizations, and Year 2000 renovations. Peritus is headquartered in Billerica, Mass. For more information, see the Peritus Web site at peritus.com. This press release may contain certain forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ materially from the results discussed in such statements. Certain factors that could cause actual results to differ materially from those discussed in such forward-looking statements include the risks described in the Company's Annual Report on Form 10-K for the year ended December 31, 1997, the Quarterly Report on Form 10-Q for the quarter ended June 30, 1998, and other public filings made by Peritus with the Securities and Exchange Commission, which factors are incorporated herein by reference.

To: JDN who wrote (1707)	12/3/1998 8:52:00 AM
From: JSI	Read Replies (1) \| Respond to of 1960

ILLERICA, Mass., Dec 2 (Reuters) - Peritus Software Services Inc. said Tuesday that it expects a fourth quarter net loss of $2.0 million to $4.5 million versus a net profit on an adjusted basis in the year-ago period. Peritus, which provides solutions for software maintenance, also said in a statement that it was cutting about 45 jobs. A company spokesman was not available to comment further. In September, the company laid off 90 employees out of its then 300-person workfroce. The restructuring charges related to the cuts of about $1.2 million will be recorded in the quarter ending December 31, 1998. The company said it was reviewing its property, plant and equipment to determine if any changes to depreciation schedules or carrying values are warranted. As of September 30, its net book value of property, plant and equipment was $5.2 million. It also said earlier this month that it would restate 1997 results for the third and fourth quarters of 1997 and the full year results. Its stock closed at 3/4, down 1/32 on the day.