Groveling

New Moves

Quiksilver has moved its offices to 15202 Graham St., Huntington Beach, California, 92649. The new general number is: (714) 889-2200.

Groveling

JC Introduces Small-Wave Board

The newest surfboard design from John “JC” Carper is a combination of its new Rocket and Gem designs and aptly named the Rocket Gem. The goal of the new design is to make a board that has more glide than ever before for fast, easy takeoffs and generating speed over flat spots with the ability to survive late takeoffs and still surf straight up and down. The secret lies in the rocker, which was taken from Shane Dorian’s small-wave board designed specifically for Japan. For more information call: (714) 850-1066.

Anarchy Introduces New Lenses

Anarchy Eyewear is introducing polarized lenses for the first time in its Amp and Amplified styles. The lenses are optical quality and distortion-free polycarbonate with 100-percent UV protection. They also feature the new Prism Free System (PFS) lens that ensure a consistent lens surface for enhanced optical clarity that is accurate to.05 mm. Both Amp and Amplified retail for 65 dollars with polarized polycarbonate PFS lenses or 45 dollars with polycarbonate PFS lenses. Anarchy’s women’s line will be premiering the Purrr style with polarized lenses for fall.

Local Motion Sweepstakes Winner Goes To Tahiti

Michael McGinty received free airfare and accommodations for himself and a friend when Local Motion gave away its third Surf Dream Sweepstakes. Hooked up with Tahitian licensee Fred Sagues of Mara’amu Stock, McGinty and friend were given a personal surf tour by Local Motion teamrider and local legend Manoa David. The two past trips were given away last May to Tahiti and last December to the North Shore. The sweepstakes were advertised through Surfing magazine and in-store P.O.P. displays.

Zeal Optics Introduces New Styles

Zeal Optics latest sunglass is called Nectar. Nectar features base polycarbonate lenses that wrap into sculpted temples with silicon tips for secure fit and protection. The Grylamid nylon frames are lightweight, strong, and work great for prescription. Nectar is available in seven different color/lens options. Nectar is but one of three new original designed glasses and two new original design goggles being introduced this year by Zeal. To find out more about Zeal Optics, see: www.zealmaniak.com or call: 1-888-454-9325.

Twelve Months Of Reef Girls

The top Reef girls from ads throughout company history have been put together in the new Reef 2000 calendar. Reef chose the girls based on the response they’ve received over the years and shows them in exotic surf locales around the world. For more information contact Reef at: 1-800-423-6855.

Quiksilver To Host Surf Camps

Quiksilver will be hosting a number of surf camps on the East and West Coasts. The camps are geared toward teaching the next generation about the sport of kings. Hands-on lessons taught by Quiksilver pros emphasize ocean awareness and safety to beginners. The camps are just one of the ways Quiksilver tries to support and encourage surfing. Any surf shops interested can check with Quiksilver representatives or call for West Coast information at: (949) 515-2301, or East Coast at: (407) 259-5443.

Get Current Updates On The New PSTA Website

Snowsurfing, Inc. announced that it has launched its new Web site, prosurfingtour.com. The site is now operational for online competitor registration. It boasts several features, including streaming video content, music, digital still images, extensive links to surf-related sites, frequent tour updates, online shopping, competitor registration, surfcams, and a surfing chat room.

Clive Is Coming

Who’s Clive? It’s a new company featuring space-age backpacks, travel bags, and accessories for sport and everyday use. The products will incde a variety of backpacks, duffel bags, gear bags, shoulder bags, hip packs, and a multitude of other accessories. Clive will be based in Vista, California by September 1999. Heading up marketing is Tim Swart, an industry veteran who has done stints at Spy and Airwalk. Assisting Swart with product development is Todd Finey, who most recently worked for Salomon in Boulder, Colorado designing footwear. Clive most recently added Pete McAfee as sales manager. McAfee was previously the national sales manager for DC Shoe Co. For further information regarding Clive, please call: (760) 635-8672.

How To Get On Baywatch

As a fellow surfer, Ben Wei of Barely Legal wants everybody to be able to surf anywhere, any time of the day. Barely Legal makes functional small-wave shapes for surfing in non-surfing zones. Much like a soft fish, the 4’6″ to five-foot boards can be used anywhere at any time¿even blackball time. Using variations of closed-cell foam, Epoxy, Surlyn, and the new OAM Fin Tech system, the boards meet the regulations that make lifeguards put their megaphones and ticket books away. For more information call Ben Wei at: (619) 794-0661; or Surf Ride at: (619) 755-0858.

SMP Starts Worldwide Expansion

SMP USA, Inc. is proud to welcome two new additions to the SMP family with Greg McCarry heading up the licensee for Europe and CV Bahara as the licensee for Indonesia. CV Bahara is owned by Indonesian surfing-legend Made Kasim and his partner Nyoman Angarra.

CV Bahara’s one of the largest surf companies in Indo and is currently the licensee for Aloha Surf, Local Motion, O&E, Da Hui, and now SMP. Along with being the licensee for these brands CV Bahara’s other business activities include six retail outlets and restaurants in addition to an Indonesian travel company. Revo UK Limited, operated by Greg McCarry, will head up the European Licensee for SMP.

As the originating licensee for Mambo for Europe, McCarry has a strong understanding of the market requirements for each country and a very solid manufacturing base of operations. The new licensees can be contacted at: Revo UK Limited:441-872-552525, (fax) 441-872-553476; CV Bhara: 62-361-752602, (fax) 62-361-755984.

Kastel Introduces New Shoe

Kastel Shoes announced that it will be shipping the first Jesse Paez shoe at the end of July 1999. The shoe features a newly developed A-I-C air cusion, the Advanced Fit system, and a lycra-spandex inner sock conforming to the skater’s ankle.

Sole Survivor Acquires Duke Kahanamoku

Sole Survivor Corporation announced the acquisition of the Duke Kahanamoku Trademark. Sole Survivor’s apparel group consists of a fully integrated operation comprising design, production, warehousing, and sales. Its Gramicci brand of specialty outdoor sportswear is sold through more than 1,500 specialty retailers throughout the United States. Gramicci also has a presence in Japan and several European countries.

Look Out For Headhunter War Paint

Headhunter Surf Screen is coming out with a heavy-duty nose and lips formula called War Paint. The formula is extra thick, sticky, and gooey and made for serious coverage of the nose, lips, and face. Its main ingredients are zinc oxide, titanium dioxide, aloe, and beeswax, which provide a total physical block from the sun.

Surfwear Out Of The Northeast

2si is surfwear company out of Hampton, New Hampshire that recently started producing a limited summer/fall line to prime retailers for its Spring 2000 launch at Surf Expo. 2si features a technical edge with advanced material stories and construction. To increase exposure the company plans to take an RV tour up the East Coast in September following the show. For more information call: (603) 926-7800.

Something New On The Airwaves

Let’s Talk Surfing hosted by Marc Kent has been on the airwaves for over two years. After starting out on a micro-powered station in Grover Beach, California, they’ve been picked up by KZOZ 93.3 FM in San Luis Obispo and have a Arbitron rating of 12.1. The show can also be heard in Santa Cruz, San Jose, Monterey, Carmel Valley, Salinas Valley, all of San Luis Obispo County, Northern Santa Barbara County, and Hilo, Hawai’i.

Illusory Movement Presents Zero Hour

Illusory Movement Productions presents Zero Hour, a surfing saga set during the turn of the millennium about the impending chaos that results due to the Y2K computer glitch. With a cast of professional surfers mixed with computer animation morphed in to the live surfing, Zero Hour gives the viewer a sense of being “inside” the movie. Surfers such as Andy Irons, Banning Capps, Bobby Martinez, Bruce Irons, and Chris Ward will be featured. For more information on product placement or sponsorship opportunities, contact Mike Wun or Seth Silberfein at: (619) 483-3752.

No More Hiding Your Key In The Wheel Well

Atomic Surf Company, is introducing The Clam that acts like a glovebox in your surfboard. It’s a patent pending, easy-to-install container and lid that is mounted in a board like a fin box or leash plug. The Clam is 3.5 inches by 1.5 inches and is mounted in boards at least 2 1/8 thick, usually in the top one-third of the board. Available in black and white, it sells for 21 dollars retail. For more information call: (619) 807-1102; or check the Web at: www.atomicsurf.com.

New DVD Surf Movie From Opper Sports

Opper Sports Production’s new project titled Super Slide is the first original surfing film to be produced for Digital Video Disc (DVD) technology. With DVD, viewers are allowed interactive access to extended interviews with surfing legends, go behind the scenes for a look at the filmmaking process, and listen to a customized soundtrack with or without narration. Profiled longboarders include Joel Tudor, Jimmy Gamboa, Kevin Connelly, Mike Myers, and more. For more information call: 1-800-325-6852.

Spred Clothing Expanding

Spred Clothing began operations in 1998 out of Los Angeles to express a new and unique type of styling. The Spred Clothing Co. currently produces board shorts, T-shirts, and rashguards for men and women. A team is currently under negotiations. Future plans include expanding into streetwear, accessories, and clothing for other sports. For more information check: www.spredclothing.com, or call: (818) 249-02428.

Free Guide: How To Deduct Nonmoving Sports Inventory

Overstock, nonmoving inventory of sporting goods, apparel, and any sports-related products can be turned into a federal income-tax deduction when your business donates those products to charity. In some cases, the deduction can be up to twice as much as cost. A free guide is available that includes step-by-step instructions on the donation process as well as a formula for calculating your company’s potential tax savings. For a free copy, call: 1-800-289-4551.

Go To Camp With The Friedman Group

The Friedman Group Retail Management Training Camp is for retailers looking for shortcuts to motivating, managing, and training staff to produce more sales. Developed by international retail authority Harry J. Friedman, Management Camp reveals proven on-the-floor management systems tested in thousands of stores worldwide by the Friedman Group’s training and consulting staffs. Topics of the seminars include: how to develop a motivated staff who can’t wait to get on the floor and sell, how to set individual weekly sales goals¿and make sure they’re met, and what to do when your staff’s sales drop or level off. For more information call: 1-800-351-8040; or check the Web site at: thefriedmangroup.com.

Mindless Reaction Finds An Investor In Left Field

Ryan Klesko,osted by Marc Kent has been on the airwaves for over two years. After starting out on a micro-powered station in Grover Beach, California, they’ve been picked up by KZOZ 93.3 FM in San Luis Obispo and have a Arbitron rating of 12.1. The show can also be heard in Santa Cruz, San Jose, Monterey, Carmel Valley, Salinas Valley, all of San Luis Obispo County, Northern Santa Barbara County, and Hilo, Hawai’i.

Illusory Movement Presents Zero Hour

Illusory Movement Productions presents Zero Hour, a surfing saga set during the turn of the millennium about the impending chaos that results due to the Y2K computer glitch. With a cast of professional surfers mixed with computer animation morphed in to the live surfing, Zero Hour gives the viewer a sense of being “inside” the movie. Surfers such as Andy Irons, Banning Capps, Bobby Martinez, Bruce Irons, and Chris Ward will be featured. For more information on product placement or sponsorship opportunities, contact Mike Wun or Seth Silberfein at: (619) 483-3752.

No More Hiding Your Key In The Wheel Well

Atomic Surf Company, is introducing The Clam that acts like a glovebox in your surfboard. It’s a patent pending, easy-to-install container and lid that is mounted in a board like a fin box or leash plug. The Clam is 3.5 inches by 1.5 inches and is mounted in boards at least 2 1/8 thick, usually in the top one-third of the board. Available in black and white, it sells for 21 dollars retail. For more information call: (619) 807-1102; or check the Web at: www.atomicsurf.com.

New DVD Surf Movie From Opper Sports

Opper Sports Production’s new project titled Super Slide is the first original surfing film to be produced for Digital Video Disc (DVD) technology. With DVD, viewers are allowed interactive access to extended interviews with surfing legends, go behind the scenes for a look at the filmmaking process, and listen to a customized soundtrack with or without narration. Profiled longboarders include Joel Tudor, Jimmy Gamboa, Kevin Connelly, Mike Myers, and more. For more information call: 1-800-325-6852.

Spred Clothing Expanding

Spred Clothing began operations in 1998 out of Los Angeles to express a new and unique type of styling. The Spred Clothing Co. currently produces board shorts, T-shirts, and rashguards for men and women. A team is currently under negotiations. Future plans include expanding into streetwear, accessories, and clothing for other sports. For more information check: www.spredclothing.com, or call: (818) 249-02428.

Free Guide: How To Deduct Nonmoving Sports Inventory

Overstock, nonmoving inventory of sporting goods, apparel, and any sports-related products can be turned into a federal income-tax deduction when your business donates those products to charity. In some cases, the deduction can be up to twice as much as cost. A free guide is available that includes step-by-step instructions on the donation process as well as a formula for calculating your company’s potential tax savings. For a free copy, call: 1-800-289-4551.

Go To Camp With The Friedman Group

The Friedman Group Retail Management Training Camp is for retailers looking for shortcuts to motivating, managing, and training staff to produce more sales. Developed by international retail authority Harry J. Friedman, Management Camp reveals proven on-the-floor management systems tested in thousands of stores worldwide by the Friedman Group’s training and consulting staffs. Topics of the seminars include: how to develop a motivated staff who can’t wait to get on the floor and sell, how to set individual weekly sales goals¿and make sure they’re met, and what to do when your staff’s sales drop or level off. For more information call: 1-800-351-8040; or check the Web site at: thefriedmangroup.com.

Mindless Reaction Finds An Investor In Left Field

Ryan Klesko, left fielder for the Atlanta Braves, has invested in the Huntington Beach, California-based Mindless Reaction clothing for part ownership of the company. Klesko, also from the Huntington Beach area, and some other teammates are known for their annual Costa Rica surf trips after the season.

Billygoat Productions Presents These Are Better Days

Billygoat Productions’ newest creation from filmmaker Bill Ballard titled These Are Better Days gives the world a first look at the intrepid style of the world’s most elite surfers as they ride colossal Tahitian tubes, including Corey Lopez’s gutsy drop into one of the most tremendous barrels ever ridden. This latest project was shot entirely on 16mm film along with digital video at sites including the Gotcha Tahiti Pro, Jeffrey’s Bay, Portugal, France, and the recent Hui Backdoor Shootout in Hawai’i. Billygoat Productions recently signed an exclusive contract for the rights to music use of eighteen Warner Brothers bands. Warner Brothers has also created a soundtrack CD of the music from These Are Better Days to be included in the video package.

Gravis Announces Spring/Summer 2000 Line

Gravis Footwear announced that its Spring/Summer 2000 product line will launch September 1999 with four new models. The new models all feature warm-weather styles ranging from an open slide (the Merc Slide) to three lightweight, low-cut, lace shoes (the Tarmac Low, the Kona Low, and the Index Low). In addition to Gravis’ new models, the entire product line, including all of the Fall 1999 styles, have been updated to feature all new colorways, lighter-weight materials, and increased venting for spring and summer.

The Spring/Summer 2000 line consists of an equal number of men’s and women’s designs. The line will be shown to dealers and media in September 1999, and will be available in select retail stores beginning February 1, 2000. For dealer information in your area and pricing, call: (802)862-2574.

Third Annual Contest To Benefit Surfrider Foundation

On September 25 and 26, the Third Annual Surf For The Sea surf contest takes place at the Oceanside Pier, California. The contest is a benefit for the Surfrider Foundation, the League for Coastal Protection, and is a memorial to the late Harry Bennett, father of professional surfer Jason Bennett. All proceeds from the contest go to the Surfrider Foundation and the League for Coastal Protection. Everybody involved is looking for another large turnout this year. For sponsorship information please call Byrne Surfboards at: (760) 721-6094.

Financial News

Oakley Posts Record Net Sales for Second Quarter

Oakley, Inc. announced record net sales of 72.1-million dollars for its second quarter ended June 30, 1999, an increase of 2.9 percent over net sales of 70-million dollars for the comparable prior-year period. Net income for the second quarter totaled 10.6-million dollars, or $0.15 per diluted share, compared with 11.2-million dollars, or $0.16 per diluted share, for the same period last year.

Second quarter net sales in the United States decreased 2.6 percent to 44-million dollars, compared with 45.2-million dollars for the same period last year. This resulted from a 9.8-percent decrease in sales to Sunglass Hut, the company’s largest customer, partially offset by a 3.4-percent increase in sales to the company’s other U.S. retail customers. The decline in second-quarter sales to Sunglass Hut was due primarily to acceleration of sales into the first quarter, as previously disclosed, and to introductions of new eyewear products later in the quarter than originally anticipated.

International net sales in the second quarter grew to a record 28.1-million, a 13.0 percent increase (15.2 percent constant-dollar) over 24.9-million dollar last year. This increase was driven by growth in the company’s direcct operations in Europe, Canada, Japan and South Africa as well as through independent distributors in most other markets.

Vans, Inc. Reports Fourth Quarter Sales and Earnings

Vans, Inc. announced financial results for the fourth quarter and fiscal year ended May 31, 1999. Net sales for the current quarter increased 47.9 percent to 48.5-million dollars, compared to 32.8-million dollars for the fourth quarter of fiscal 1998. Net income was 819,000 dollars, versus a net loss of 11.8-million dollars in the same period last year, which reflected a one-time restructuring charge and write-down of domestic inventory of 11.9-million dollars, after tax, in such period. For the fourth quarter, total U.S. sales, including sales through Vans’ U.S. retail stores, increased 15.4 percent to 30.4-million dollars, versus 26.4-million dollars for the same period a year ago. Total international sales increased 180.1 percent to 18.1-million dollars, versus 6.5-million dollars for the same period last year. Overall sales through the Company’s 111-store retail chain (as of May 31, 1999) increased 23.6 percent to 15.3-million dollars in the fourth quarter of fiscal 1999, from 12.4-million dollars for the same period a year ago. Comparable store sales for the fourth quarter were up four percent versus the same period last year, the eighteenth consecutive quarter of such increase. U.S. wholesale sales in the fourth quarter increased 12.9 percent to 15.8-million dollars, versus fourteen-million dollars a year ago.

For the twelve months of fiscal 1999, net sales increased 17.6-percent

to a record 205.1-million dollars, compared to 174.5-million dollars for the same twelve months of fiscal 1998. Net income was 8.7-million dollars for fiscal 1999, versus a loss of 2.7-million dollars or the same period last year, which reflected the one-time charge and write-down discussed above. Diluted earnings per share was $0.64 versus a loss of $0.20 in fiscal 1998.ft fielder for the Atlanta Braves, has invested in the Huntington Beach, California-based Mindless Reaction clothing for part ownership of the company. Klesko, also from the Huntington Beach area, and some other teammates are known for their annual Costa Rica surf trips after the season.

Billygoat Productions Presents These Are Better Days

Billygoat Productions’ newest creation from filmmaker Bill Ballard titled These Are Better Days gives the world a first look at the intrepid style of the world’s most elite surfers as they ride colossal Tahitian tubes, including Corey Lopez’s gutsy drop into one of the most tremendous barrels ever ridden. This latest project was shot entirely on 16mm film along with digital video at sites including the Gotcha Tahiti Pro, Jeffrey’s Bay, Portugal, France, and the recent Hui Backdoor Shootout in Hawai’i. Billygoat Productions recently signed an exclusive contract for the rights to music use of eighteen Warner Brothers bands. Warner Brothers has also created a soundtrack CD of the music from These Are Better Days to be included in the video package.

Gravis Announces Spring/Summer 2000 Line

Gravis Footwear announced that its Spring/Summer 2000 product line will launch September 1999 with four new models. The new models all feature warm-weather styles ranging from an open slide (the Merc Slide) to three lightweight, low-cut, lace shoes (the Tarmac Low, the Kona Low, and the Index Low). In addition to Gravis’ new models, the entire product line, including all of the Fall 1999 styles, have been updated to feature all new colorways, lighter-weight materials, and increased venting for spring and summer.

The Spring/Summer 2000 line consists of an equal number of men’s and women’s designs. The line will be shown to dealers and media in September 1999, and will be available in select retail stores beginning February 1, 2000. For dealer information in your area and pricing, call: (802)862-2574.

Third Annual Contest To Benefit Surfrider Foundation

On September 25 and 26, the Third Annual Surf For The Sea surf contest takes place at the Oceanside Pier, California. The contest is a benefit for the Surfrider Foundation, the League for Coastal Protection, and is a memorial to the late Harry Bennett, father of professional surfer Jason Bennett. All proceeds from the contest go to the Surfrider Foundation and the League for Coastal Protection. Everybody involved is looking for another large turnout this year. For sponsorship information please call Byrne Surfboards at: (760) 721-6094.

Financial News

Oakley Posts Record Net Sales for Second Quarter

Oakley, Inc. announced record net sales of 72.1-million dollars for its second quarter ended June 30, 1999, an increase of 2.9 percent over net sales of 70-million dollars for the comparable prior-year period. Net income for the second quarter totaled 10.6-million dollars, or $0.15 per diluted share, compared with 11.2-million dollars, or $0.16 per diluted share, for the same period last year.

Second quarter net sales in the United States decreased 2.6 percent to 44-million dollars, compared with 45.2-million dollars for the same period last year. This resulted from a 9.8-percent decrease in sales to Sunglass Hut, the company’s largest customer, partially offset by a 3.4-percent increase in sales to the company’s other U.S. retail customers. The decline in second-quarter sales to Sunglass Hut was due primarily to acceleration of sales into the first quarter, as previously disclosed, and to introductions of new eyewear products later in the quarter than originally anticipated.

International net sales in the second quarter grew to a record 28.1-million, a 13.0 percent increase (15.2 percent constant-dollar) over 24.9-million dollar last year. This increase was driven by growth in the company’s direct operations in Europe, Canada, Japan and South Africa as well as through independent distributors in most other markets.

Vans, Inc. Reports Fourth Quarter Sales and Earnings

Vans, Inc. announced financial results for the fourth quarter and fiscal year ended May 31, 1999. Net sales for the current quarter increased 47.9 percent to 48.5-million dollars, compared to 32.8-million dollars for the fourth quarter of fiscal 1998. Net income was 819,000 dollars, versus a net loss of 11.8-million dollars in the same period last year, which reflected a one-time restructuring charge and write-down of domestic inventory of 11.9-million dollars, after tax, in such period. For the fourth quarter, total U.S. sales, including sales through Vans’ U.S. retail stores, increased 15.4 percent to 30.4-million dollars, versus 26.4-million dollars for the same period a year ago. Total international sales increased 180.1 percent to 18.1-million dollars, versus 6.5-million dollars for the same period last year. Overall sales through the Company’s 111-store retail chain (as of May 31, 1999) increased 23.6 percent to 15.3-million dollars in the fourth quarter of fiscal 1999, from 12.4-million dollars for the same period a year ago. Comparable store sales for the fourth quarter were up four percent versus the same period last year, the eighteenth consecutive quarter of such increase. U.S. wholesale sales in the fourth quarter increased 12.9 percent to 15.8-million dollars, versus fourteen-million dollars a year ago.

For the twelve months of fiscal 1999, net sales increased 17.6-percent

to a record 205.1-million dollars, compared to 174.5-million dollars for the same twelve months of fiscal 1998. Net income was 8.7-million dollars for fiscal 1999, versus a loss of 2.7-million dollars or the same period last year, which reflected the one-time charge and write-down discussed above. Diluted earnings per share was $0.64 versus a loss of $0.20 in fiscal 1998. growth in the company’s direct operations in Europe, Canada, Japan and South Africa as well as through independent distributors in most other markets.

Vans, Inc. Reports Fourth Quarter Sales and Earnings

Vans, Inc. announced financial results for the fourth quarter and fiscal year ended May 31, 1999. Net sales for the current quarter increased 47.9 percent to 48.5-million dollars, compared to 32.8-million dollars for the fourth quarter of fiscal 1998. Net income was 819,000 dollars, versus a net loss of 11.8-million dollars in the same period last year, which reflected a one-time restructuring charge and write-down of domestic inventory of 11.9-million dollars, after tax, in such period. For the fourth quarter, total U.S. sales, including sales through Vans’ U.S. retail stores, increased 15.4 percent to 30.4-million dollars, versus 26.4-million dollars for the same period a year ago. Total international sales increased 180.1 percent to 18.1-million dollars, versus 6.5-million dollars for the same period last year. Overall sales through the Company’s 111-store retail chain (as of May 31, 1999) increased 23.6 percent to 15.3-million dollars in the fourth quarter of fiscal 1999, from 12.4-million dollars for the same period a year ago. Comparable store sales for the fourth quarter were up four percent versus the same period last year, the eighteenth consecutive quarter of such increase. U.S. wholesale sales in the fourth quarter increased 12.9 percent to 15.8-million dollars, versus fourteen-million dollars a year ago.

For the twelve months of fiscal 1999, net sales increased 17.6-percent

to a record 205.1-million dollars, compared to 174.5-million dollars for the same twelve months of fiscal 1998. Net income was 8.7-million dollars for fiscal 1999, versus a loss of 2.7-million dollars or the same period last year, which reflected the one-time charge and write-down discussed above. Diluted earnings per share was $0.64 versus a loss of $0.20 in fiscal 1998.

CATEGORIZED: Features