SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 14, 1999
THE TITAN CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-06035 95-2588754
(Commission File No.) (IRS Employer Identification No.)
3033 Science Park Road
San Diego, California 92121-1199
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (619) 552-9500
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ITEM 5. Other Events.
Exhibit 99.1 sets forth unaudited, summarized financial information of
The Titan Corporation ("Titan") as of November 30, 1998, including the
results of thirty days' operations of Delfin Systems, a California
corporation ("Delfin"). Delfin became a wholly owned subsidiary of Titan
on October 23, 1998.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: January 14, 1999
THE TITAN CORPORATION
By: ____/S/ Eric M. DeMarco__
Eric M. DeMarco
Senior Vice President and
Chief Financial Officer
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INDEX TO EXHIBITS
Page No.
99.1 Summarized Financial Information as of November 30, 1998. 1
Exhibit 99.1
<TABLE>
TITAN CORPORATION
SUMMARIZED FINANCIAL INFORMATION
(Unaudited)
<CAPTION>
November 30, 1998
-----------------
<S> <C>
Current Assets $ 118,147,000
Non Current Assets 71,360,000
-------------
Total Assets $ 189,507,000
=============
Current Liabilities $ 42,764,000
Non Current Liabilities 88,304,000
Stockholders' Equity 58,439,000
-------------
Total Liabilities & Stockholders' Equity $ 189,507,000
=============
</TABLE>
<TABLE>
<CAPTION>
Two Months Ended Eleven Months Ended
November 30, 1998 November 30, 1998
<S> <C> <C>
Revenues $ 51,134,000 $ 272,451,000
Gross Profit 12,184,000 63,900,000
Income from Continuing Operations
Before Cumulative Effect of
Change in Accounting Principle 3,338,000 9,348,000
Net Income 3,338,000 (13,724,000)
</TABLE>
