Commodore International Ltd. reported a $114-million loss...
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Commodore International Ltd. reported a $114-million loss for the year ended June 30. This compares to a profit of $143.8 million in fiscal 1984. Revenue for the year declined 30% to $883.1 million. Irving Gould, the computer maker’s chairman, noted that the loss included an inventory write-down of about $63 million and certain one-time charges of $14 million during the fourth quarter. Earnings also were hurt by special promotional allowances and lower sales, Gould said.
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