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Article Date: May 1997
Word Count: 130

CALIFORNIA PRO TAKES $2.3 MILLION WRITEDOWN.


The restructuring charges and inventory writedownsare primarily the result of softness in the in-line and snowboardmarkets, and resulted in a loss of $5.6 million for the year endedDec. 31 against income of $35,000 last year. Revenues fell some1 per cent to $16.9 million from $17.1 million for the year, asrevenues in the in-line/snowboard field plunged to $5.9 millionfrom $11 million prior.

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