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To: mike.com who wrote (44109)	1/15/1999 9:54:00 PM
From: Scott Carr	Respond to of 119973

Starbase-SBAS- a must see. StarBase Announces Increase in Revenues from Larger Enterprise-level Deals An Increasing Number of Major Corporations Make Investments in StarTeam as Their Preferred Solution for Technical Collaboration and Software Configuration Management SANTA ANA, Calif., Jan. 13 /PRNewswire/ -- StarBase Corporation (Nasdaq: SBAS - news), a leading provider of advanced Internet and intranet-based technical collaboration and software configuration management tools, today announced several large sales agreements that occurred in the third quarter, which continue to increase the size and dollar amount of the average StarTeam sales transaction. This trend of larger implementations by major corporations confirms the scaleability and functional richness of the company's flagship software solution, StarTeam. The average number of licenses per order in third quarter of fiscal year 1999 more than tripled when compared to the same period last year, while the average revenue per order more than quadrupled. For the nine months ended Dec. 31, 1998, the number of licenses per order nearly tripled and the average revenue per order more than quadrupled when compared to the nine months ended Dec. 31, 1997. Furthermore, for the three months ended Dec. 31, 1998, the average sale price of StarTeam increased 41 percent when compared to the same period last year, and 45 percent for the nine month period. With the anticipated February release of StarTeam 4.0, management expects these growth trends to continue to accelerate. During the company's third fiscal quarter, ended on Dec. 31, 1998, several major corporations joined the growing list of StarBase customers who are planning or implementing an enterprise-wide solution with StarTeam. These corporations include Hollywood Entertainment, the nation's second largest retail video-rental chain; ABB Worldwide, a $35 billion electrical engineering firm serving customers worldwide in power generation, transmission, and distribution; Professional Development Group, Inc. (PDG), a leading developer of computer-based training and education; Frito-Lay Company, the $11 billion snack food division of PepsiCo, Inc., and market leader in half of the world's top 10 snack chip markets; Andersen Consulting, a $6.6 billion global management and technology consulting organization; Reynolds & Reynolds, a leading provider of integrated information management systems with annual revenues of about $1.5 billion, specializing in automotive and document management solutions; KPMG, an international professional services firm with over $10 billion generated in fees in fiscal 1998; and EDS, a $15.2 billion global information services company that delivers systems and technology expertise, management consulting, business process management and electronic business leadership. These corporations have elected to implement StarTeam as a strategic software solution within their company. This solution is designed to increase productivity and enhance communication between departments, while providing a reliable and scaleable framework to manage their development efforts. These installations plan to expand company usage across multiple department levels, and many are implementing StarTeam as the tool of choice to support the development of web-based development projects. StarTeam is highly scaleable and built from the ground-up around modern technologies, such as COM and Java, allowing deployment across multiple applications, platforms and departments; It empowers collaboration across developers and non-developers alike, a mix that is becoming more and more prevalent for web-based development and other corporate initiatives; It can be implemented in days, not in years, thus guaranteeing fast return on investment; and It offers rich functionality in a single product at a lower price - a competitive offering would require bundling several higher priced products that do not integrate or work together well.'' ''The consistently larger sales agreements that we have been closing are characteristic of the increasing acceptance of StarTeam within today's corporate enterprise,'' said William McManes, vice president of sales for StarBase. ''The phenomenal sales growth that we have set forth and achieved in the past year would not have been possible without this heightened acceptance, and we are moving quickly to further increase our advantage.''

To: mike.com who wrote (44109)	1/15/1999 10:11:00 PM
From: EyeDrMike	Read Replies (1) \| Respond to of 119973

IATV from the last SEC filing: <<Since its inception, the Company (including its operating subsidiaries) has not generated revenues sufficient to fund its operations, and has incurred operating losses. Through September 30, 1998, the Company had an accumulated deficit of approximately $60.9 million>> Seems like a huge deficit for a company without any large customers for its product; Decreasing sales too: <<During the nine month period ended September 30, 1998, the Company's revenues decreased 31% to $1,058,560, from $1,534,295 in the nine month period ended September 30, 1997. Nearly all of the Company's revenues in the more recent nine-month period were derived from Internet sales, compared to the comparable 1997 nine-month period, when the majority of revenues were related to television-based education hardware and content. >> I see the Bridge "buy recommendation" that lacked any substance, but was nice enough to include this disclaimer: <<<Bridge Technology Group LLC may have performed investment banking, consulting or other services for or may solicit investment banking, consulting or other business from, any company mentioned in this release. Bridge Technology Group LLC or persons associated with Bridge Technology Group LLC may at anytime be long or short any of the securities referred to herein and may make purchases or sales thereof>>>