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To: JDN who wrote (29984)	4/2/1999 11:09:00 AM
From: Captain Jack	Respond to of 31646

JDN--- nice article in the AARP BULLITEN on Y2K...

To: JDN who wrote (29984)	4/2/1999 1:27:00 PM
From: Captain Jack	Read Replies (2) \| Respond to of 31646

JDN 1st ALYD has bad news,, then PTUS... NOT A GOOD SIGN BILLERICA, Mass., April 2 /PRNewswire/ -- Peritus Software Services, Inc. (OTC Bulletin Board: PTUS), a provider of solutions for software maintenance, today announced that Dominic Chan has resigned as President and Chief Executive Officer and as a member of the Company's Board of Directors effective immediately. Mr. Chan has informed the Company that he intends to consider making an offer to the Company to purchase certain of the Company's assets. John Giordano, the Company's Chief Financial Officer, will assume the additional position of President and Chief Executive Officer. The Company also reported that it is reducing its workforce by approximately 40 people. The reductions are concentrated in the areas of Sales, Marketing, and Year 2000 delivery. There are no reductions in the area of outsourcing service delivery. After the reductions, the Company will have limited Sales resources and limited Year 2000 resources outside of what is required to meet current support obligations. The restructuring charge associated with the reduction is estimated to be $250,000.