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To: Taki who wrote (32123)1/5/1999 11:34:00 PM
From: robbie_nw  Respond to of 34592
 
TSSW...HAS 10 MILLION IN CASH/INVESTMENTS...SELLS FOR 8 MILLION...NO DEBT. REAL COMPANY...YOU CAN GO INTO ANY COMPUSA, BESTBUY, ETC. AND SEE THEIR PRODUCTS.

..Three of my reasons for owning:

1) Company has lots of cash/investments and no bank debt. The company is now trading at below its short term cash and investments on hand. The company has approx 10 million in cash and investments but sells for less than 8 million.
** Impt because the new CEO will have time to turn this company around or sell it.

2) Company has new products in the pipeline which will provide the means for a turnaround...as well as good reviews of the following products:
** TSSW announces Checkit 98 Diagnostic Suite with year 2000 patch.
** TSSW announces Checkit Diagnostic Suite nominated for PC Computings MVP award
** Checkit Diagnostic Suite added to WINDOWS Magazine "WinList"....as best in it's class.
** Checkit Netoptimizer product to be bundled with KDS - 56k modem company
** New PRODUCTS To be released early in the year. . . internet growth opportunity identified in the company's 3rd qtr prerelease

3) Company sells at a steep discount to the industry average price ratios:
** Price to Book: TSSW: .89 Industry: 15.80
** Price to Sales: TSSW: 1.30 Industry: 17.55
Industry Price to Earnings Ratio is currently 60.71.
Believe that Ken Forbes (new CEO) will be successful in turning this company around and moving it to the black in 99. If he does, then the company will trade at a closer valuation to the Industry Average Price Ratios.

** Move to the Internet is an area that could significanty increase the company's share price. Mgt has not been able to turn this company around in the past. New mgt on board.

** 1st Quarter usually best for PC software companies.....people need new software for their new x-mas computers.

Disclaimer: Me long on this one <g>