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ORANGE COUNTY BRIEFLY

StarBase's Results Reflect Reorganization

November 15, 1996

IRVINE — StarBase Corp., a software company, reported a net loss of $1.4 million, or 11 cents a share, for the second fiscal quarter, compared with a net loss of $1.4 million, or 19 cents a share, for the same period last year. Revenue for the quarter ended Sept. 30 declined 15% to $172,000 from $202,000. A first half net loss of $2.6 million, or 22 cents a share, was recorded, compared with a year-earlier net loss of $3.6 million, or 53 cents a share. Revenue was down 46% to $381,000 from $712,000.

The company said its results for the quarter reflect the company's reorganization that started in the spring of 1995, when StarBase decided to focus entirely on software designed to increase the productivity of Internet developers and applications programmers. The company's consulting division was discontinued, and no revenue was recorded for consulting services in the quarter and six months.

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