CompuServe Messages

The loss includes writedowns of inventory. So CBU previously had booked the invetory at some value and reflected that as an asset. An asset that is now worth less reflects a non-cash loss. In some sense it reverses a previous non-cash gain. Most distressing from all our points of view, I think, is that sales were off by 40% and, worse, unit sales of Amigas declined 25%. The new models aren't moving. The stock price reflects near-death levels. — Art