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Technology Stocks : TouchStone S/W (TSSW) -- Ignore unavailable to you. Want to Upgrade?

To: Barbara Hospel who wrote (2668)	5/24/1999 10:10:00 PM
From: David Alan Cook	Read Replies (3) \| Respond to of 3627

TSSW Reports First Qtr EPS - COMPANY Returns to Profitability, excluding one-time restructuring charges. Key Points Made: 1) Company returns to profitability excluding one time charge of .19 for restructuring charge - One Time Charge. 2) TSSW had less than one month of Unicore sales. Acquisition took place on 10 Mar. 3) Unicore contributed $400,000 in sales in less than one month. Will have 3 full months in 2nd qtr. ( Revenue in the 2nd qtr a year ago was only 656,000 - 2nd qtr - Big Favorable comparison going forward ) Comments from TSSW CEO: " We are pleased that TSSW was able to return to profitability in the 99 first qtr, exclusive of restructuring charges, reflecting the Company's successful implementation of ournear-term plan to maintain current revenue streams and effectively manage our operating costs " " Going forward, the acquisition of Mass-based Unicore Software is expected to increasingly contribute to TSSW's top and bottom lines and enable us to access nearly 10 years of aggressive sales experience in both direct and OEM channels. " " Our recent purchase of the CardWare product line from PTEC as well as a licensing agreement with Compaq Computer, the largest global supplier of PCs, is consistent with our strategy to provide OEMS with competitive products, robust technology and, most of all dependability. We will pursue similar agreements with other global suppliers in an effort to effectively market the CardWare product. " DC Look for more good news . . larger gains coming