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To: WallStBum who wrote (863)	1/19/1999 2:49:00 PM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 1530

SBAS prelim...looks like strong growth here: StarBase Announces Strong Revenue Growth and Operating Results SANTA ANA, Calif., Jan. 19 /PRNewswire/ -- StarBase Corporation (Nasdaq: SBAS - news), a leading provider of Internet and intranet based technical collaboration and software configuration management tools, today announced preliminary operating results for the third fiscal quarter ending Dec. 31, 1998. StarBase management anticipates that revenue for the fiscal third quarter will be between $1.90 and $1.95 million. This represents at least 190 percent growth over the same period last year and 16 percent growth over the second quarter of this fiscal year. For the nine-month period ending Dec. 31, 1998, revenue is expected to be at least $4.70 million, approximately 245 percent above the $1.36 million reported for the same period last year. Furthermore, operating expenses for the third quarter are estimated to be between $3.60 and $3.65 million, down 10 percent from the second quarter of this fiscal year. The company expects to formally announce the results of operations for the third quarter ended Dec. 31, 1998, by the second week of February. ''The company's strong operational results are a reflection of our focus on revenue growth and profitability,'' stated William R. Stow III, chairman and chief executive officer of StarBase. ''The combination of higher revenues, approximately 95 percent gross margin, and lower operating expenses should result in an approximate 25 percent decrease in net loss for the third quarter, a strong step toward our goals of revenue growth and profitability. These improved operating results were achieved with more than 90 percent of revenues representing sales to new customers. We believe that a significant number of our existing customer base is awaiting the release of StarTeam 4.0 before ordering new product. With the anticipated release of StarTeam 4.0 Enterprise next month we expect repeat business to accelerate once again, as we penetrate deeper into the growing installed base of customers. In addition, since StarTeam 4.0 is an enterprise level solution, the company believes that our trend toward larger purchases by customers is also expected to accelerate revenue growth.'' Forward Looking Statement When used in the preceding discussion, the words ''believes, expects, or intend to'' and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, (i) conditions in the general economy or the software industry, (ii) the timely development and market acceptance of products and technologies, (iii) competitive factors, (iv) demand for team productivity software products, (v) sell-through of products in the sales channel, (vi) and other risks described in StarBase Corporation's SEC reports and filings. About StarTeam StarTeam, an integrated technical collaboration and software configuration management tool, is designed to significantly improve the productivity of software development teams. StarTeam provides remote developers with the ability to effectively manage and collaborate on enterprise-wide applications, and enables access to projects via a Web browser. StarTeam reflects a true client-server framework with its ability to inter-operate with most development environments. About StarBase StarBase Corporation, with headquarters in Santa Ana, California, offers a complete family of advanced Internet and Intranet-based technical collaboration and software configuration management tools for improving team productivity, including Year 2000 and Enterprise Program Management Office applications. StarTeam has won several awards including InfoWorld's 1997 ''Best of the Test Center,'' PCWeek's 1996 Analyst's Choice and PC Week's 1996 IT Excellence Award. Leading organizations such as Bank of America, Boeing, Dell Corporation, Intel Corporation, Sprint, and Xerox have chosen StarTeam to aid in their development projects. StarBase is located at 4 Hutton Centre Drive, Suite 800, Santa Ana, CA 92707. Tel: 714-445-4400. Fax: 714-445-4404. Visit StarBase's web site at www.starbase.com. StarBase and its product names are trademarks of StarBase Corporation. All other products are trademarks of their respective owners.