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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (12235)	2/1/1998 9:09:00 PM
From: jhild	Respond to of 22053

Though it seems like Networkers look a little better than Karaoke: Osaka Karaoke Company Applies For Court Protection OSAKA (Nikkei)-TM Co. applied with the Osaka district court on Friday for protection from creditors. The debt of the company, which wholesales and leases karaoke equipment and software, totals 26 billion yen, according to a survey by Teikoku Databank Ltd. The Osaka company attributed its poor performance partly to damage sustained in the Great Hanshin Earthquake two years ago. Poor sales at restaurant and bars and the reluctance of financial institutions to lend also contributed to the bankruptcy. The company, founded in 1974, posted total sales of 10.1 billion yen in the year ended February 1992, at the height of the karaoke boom. Sales fell to 3.6 billion yen in the year ended last February. satellite.nikkei.co.jp [Note: They are not blaming conditions in Asia. The earthquake excuse still has legs.]