June 13, 1998 |
TouchStone Software Corp., citing lower sales of its antivirus product and eroding prices, said Friday it expects to report a second-quarter loss on lower-than-expected revenues. The Huntington Beach maker of personal computer software also said there has been a general slowdown in the market, which is awaiting the release of Windows 98. TouchStone did not provide specific estimates of its losses or revenue for the quarter ending June 30.
June 4, 1998 |
In another round of top-level maneuvering, TouchStone Software Corp. said Wednesday that it elevated its chief executive to chairman and is looking for a permanent CEO. The Huntington Beach company, which makes computer diagnostic software, said Larry Jordan moves up to chairman, while chairman Larry Dingus steps back in as interim CEO. Jordan was hired by TouchStone in January 1996 to find new technologies and businesses for the software maker to acquire.
May 8, 1998
TouchStone Software Corp.: The Huntington Beach software developer reported a first-quarter profit of $59,000, or 1 cent a share, contrasted with a loss of $216,000 for the same period last year. Revenue declined 31% to $2 million from $2.9 million.
February 20, 1998
TouchStone Software Corp.: The Huntington Beach company reported profit of $22,922 for the fourth quarter, contrasted with a net loss of $228,342, or 3 cents a share, for the same period a year earlier. Revenue was down 39% to $1.7 million from $2.8 million. The loss for the year was $2.1 million, or 26 cents a share, compared with a net loss of $4.5 million, or 60 cents share, for 1996. Revenue was up 3% to $7.9 million from $7.7 million.
December 10, 1997 |
TouchStone Software Corp. said founder C. Shannon Dingus has resigned as chief technical officer. She will remain on the board and will provide technical consulting to the chief executive, the company said. Further details weren't provided. The company also named Alain Levy to the board and named Walter Havekorst III director of sales.
November 7, 1997
The Huntington Beach software company posted a net loss of $713,660, or 9 cents a share, for the third quarter, compared with a loss of $354,965, or 5 cents a share, for the same period a year ago. Revenue declined 44% to $1.4 million from $2.5 million. The loss for the nine months was $2.1 million, or 27 cents a share, compared with a loss of $4.3 million, or 57 cents a share, for the corresponding period last year. Revenue was up 27% to $6.2 million from $4.9 million.
September 24, 1996
Touchstone Software Corp. plans to adopt a shareholder rights plan that can be exercised if a person or group acquires 15% or more of the company's stock without board approval. A company spokesman said the plan, which will be in place Oct. 5, was not a response to any takeover bid. The company said rights will be issued to holders of record Oct. 4, 1996, as a dividend and will expire Sept. 26, 2006.
May 31, 1996 |
TouchStone Software Corp. said it has agreed to settle three shareholder class action suits filed against the company after its stock price tumbled last year. The company said it has agreed to establish a settlement fund consisting of $500,000 in cash and 200,000 newly issued shares of the company's common stock. The price of the stock will be determined when the shares are issued, said Ron Maas, TouchStone's chief financial officer.