AMEX, MSN - Emerson Radio Corp
We operate in the consumer electronics business, designing, sourcing,
importing and marketing a variety of consumer electronic products and licensing
our trademarks for a variety of products worldwide. On July 1, 2005, we sold our
53.2% ownership in Sport Supply Group, Inc. to Collegiate Pacific Inc.
("Collegiate") for net proceeds of $30.7 million, after disposition costs, which
resulted in a net gain of $12.6 million, or $0.47 per share, that was reported
in our results for the quarter ended September 30, 2005. Such gain was net of
total estimated income taxes of $4.2 million. SSG distributes and markets sports
related equipment and leisure products primarily to institutional customers in
the United States. SSG was previously reported as our Sporting Goods Segment. ...
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