Starbase Corp

The Santa Ana provider of e-business products said its net loss for the first quarter ended June 30 totaled $3.9 million, or 9 cents a share, which included noncash expenses of $1.6 million related to the acquisition of Premia Corp., ObjectShare Inc. and Genitor Corp., and $1.1 million for noncash, stock-based compensation. A net loss of $1.3 million, or 5 cents a share, was recorded for the same period a year ago. Revenue doubled to $7 million.

* Starbase Corp. lowered revenue and income projections for its fiscal first quarter because of the continuing global economic downturn in information technology software spending. The Santa Ana company now expects to post a loss of 1 cent to 2 cents a share on revenue of about $9.1 million, down 25% from $12.1 million a year ago.

Software maker StarBase Corp. will sell its products overseas for the first time after signing an exclusive contract with a distributor. Under the agreement, Contemporary Software Ltd. will distribute StarBase products in the United Kingdom.

Starbase Corp., which develops software for corporate information systems, cut its outlook for fiscal 2002, citing the weak economy and delayed purchases by customers. For the first quarter of fiscal 2002, the Santa Ana company expects to post a net loss, excluding special items, of from $6.5 million to $7 million. It says it will return to profitability in the third quarter, one quarter later than previously expected.

StarBase Corp. said it expects to report first-quarter revenue of $1.1 million to $1.15 million, exceeding company forecasts of $1 million. The Irvine provider of software management tools recorded revenue of $338,000 for the first quarter ended June 30, 1997.

StarBase Corp. said it expects to report third quarter revenues between $575,000 and $625,000, exceeding expectations. StarBase, which develops software products, reported revenues of $366,000 in the second quarter ended Sept. 30.

Starbase Corp., Santa Ana manufacturer of software products, said Wednesday that it acquired Genitor Corp., a privately held company in Ann Arbor, Mich., for $2.45 million in stock. Genitor provides advanced development tools for such functions as the documentation of Web applications, work group collaboration, and re-engineering. Starbase had 1999 revenue of $6.83 million.

Santa Ana-based StarBase Corp.'s stock moved up nearly 38% Wednesday after the company said it planned to introduce a Web site development product in May. The stock climbed 66 cents a share to $2.41. The new product, StarTeam.com, will be an extension of the company's StarTeam line of software configuration management tools.

Starbase Corp., a Santa Ana-based developer of Internet software, said it will acquire closely held Worldweb.net Inc. for $26 million in stock and cash to increase its products for the creation of computer code and content. Alexandria, Va.-based Worldweb.net makes software that allows companies to manage and organize Web sites. Starbase closed up 3 cents at $3.09 on Nasdaq.

StarBase Corp. said Tuesday that it plans to raise $3 million to $4 million in new financing. The software company said it will offer current warrant holders the right to exchange the warrants for common stock on a ratio of one share for three warrants. If all warrants were converted, about 1.6 million additional shares would become outstanding. StarBase said it also expects to retain an investment banking firm to provide advice and counsel during the financing and on other strategic issues.

Starbase Corp., a Santa Ana developer of Internet software, said Monday it completed its acquisitions of two closely held firms, Technology Builders Inc. in Atlanta and Worldweb.net in Alexandria, Va. Starbase acquired Technology Builders for stock and Worldweb.net for stock and cash. Starbase's shares closed Monday at $3.53, up 19 cents, in Nasdaq trading.

Starbase Corp., a Santa Ana developer of Internet software, said Friday that it will acquire closely held Technology Builders Inc. for about $41 million in stock to boost its line of software products used for electronic commerce. Starbase will pay 10.2 million shares for Atlanta-based Technology Builders. Starbase said the purchase is expected to close within a week. Shares of Starbase, which have climbed 73% this year, closed Friday at $4.06, up 44 cents on the Nasdaq Stock Market.

* Starbase Corp., a Santa Ana-based developer of Internet software, said it will acquire closely held Technology Builders Inc. for about $36.9 million in stock, its second acquisition in a week.

Starbase Corp., a Santa Ana-based developer of Internet software, said it will acquire closely held Worldweb.net Inc. for $26 million in stock and cash to increase its products for the creation of computer code and content. Alexandria, Va.-based Worldweb.net makes software that allows companies to manage and organize Web sites. Starbase closed up 3 cents at $3.09 on Nasdaq.

Starbase Corp., a Santa Ana provider of products for electronic business, reported a net loss of $2.9 million, or 6 cents a share, for its fiscal third quarter, compared with a net loss of $974,000, or 3 cents a share, for the year-earlier period. Revenue for the quarter ended Dec. 31 rose to a record $9.5 million from $4.1 million.

The Santa Ana provider of products for E-business incurred a second quarter net loss of $3.4 million, or 7 cents a share, compared with a year-earlier net loss of $1.1 million, or 4 cents a share. Revenue for the quarter ended Sept. 30 rose to a record $8.4 million, more than double the $3.7 million posted a year earlier.

StarBase Corp. said it has completed a $3-million private placement of 3,000 shares of Series G Preferred Stock. The company said each share, convertible into common stock at 1 cent a share, was offered at a subscription price of $1,000. The Irvine company's stock closed Monday at $1.25 a share, down 6 cents. StarBase, which provides software configuration management tools, said it plans to use the proceeds to support the company's expansion.