Comdisco reports $1.27 million net loss for quarter ended Dec. 31

By Caroline Salls

Pittsburgh, Feb. 10 - Comdisco Holding Co., Inc. reported a $1.27 million net loss, or $0.31 per common share, for the quarter ended Dec. 31, according to a company news release.

The company said total revenue decreased by 53% to $180,000 in the fourth quarter, primarily because of lower gains on the sale of equity securities and lower interest income in the quarter.

Comdisco recorded $8,000 in gains for the quarter, compared to $92,000 for the quarter ended Dec. 31, 2008.

Meanwhile, net cash used in operating activities was $995,000 for the three months ended Dec. 31, compared to $4.77 million of net cash provided by operating activities for the same period of 2008.

According to the release, the company had $76.31 million of total assets at Dec. 31, including $65.43 million of unrestricted cash. For the three months ended Dec. 31, 2008, total assets were $76.89 million, including $66.07 million of unrestricted cash.

Comdisco emerged from Chapter 11 on Aug. 12, 2002. Comdisco Holding is a Rosemont, Ill., company formed to sell the assets of its predecessor Comdisco, Inc. and distribute the proceeds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.