Comdisco (OTC:CDCO) has released the financial results for the fiscal year ended September 30, 2009. The company has emerged from Chapter 11 bankruptcy proceedings on August 12, 2002. It’s business purpose is limited to the orderly sale or run off of all its retaining assets under its Plan of Reorganization.
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The company’s operating results for fiscal 2009 is shown to have net earnings of 42,084,000, or $0.52 per common share. The per share results are based on 4,029,055 shares of common stock outstanding on average during the fiscal year. The company’s total revenue was reported to have decreased by 56% at $4,533,000, while net cash provided by operating activities was $7,889,000 for the fiscal year. The full financial report is available at http://www.comdisco.com/.
Comdisco Holding Company, Inc. (Comdisco Holding) was formed for the purpose of selling, collecting or otherwise reducing to money in an orderly manner the remaining assets of the Company and all of its direct and indirect subsidiaries, including Comdisco, Inc. The Company's business purpose is limited to the orderly sale or run-off of all its remaining assets. Comdisco Holding Company, Inc., as the successor company to Comdisco, Inc., emerged from bankruptcy effective August 12, 2002. Pursuant to the Company’s first amended joint plan of reorganization, Comdisco, Inc. emerged as a wholly owned subsidiary of Comdisco Holding. Since emerging from bankruptcy proceedings, the Company has focused on the monetization of its remaining assets. Prior to the bankruptcy, Comdisco, Inc. provided technology services worldwide to help its customers maximize technology functionality, predictability and availability.
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