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Non-Tech : yess entertainment

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To: Zirdu who wrote (93)4/1/1998 7:18:00 AM
From: Zirdu   of 95
 
Here's why the nominal $1.57 "book value" of YESS didn't have much meaning. After the $1.93 charge, the book value of YESS will be a negative .36/share.

PLEASANTON, Calif., March 31 (Reuters) - YES! Entertainment on Tuesday said it will take a $17.2 million fourth quarter charge to write-off slow-moving inventory and bolster reserves for accounts receivables and royalties.

Including the write-offs, YES! expects to report a loss of about $29.4 million, or about $1.93 per share, versus a net loss of $13.9 million. or $0.99 a share, one year ago.
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