» Commodore Announces Another Loss «

PHILADELPHIA - Commodore International Ltd., after months of unexplained 
delay, revealed late Friday (11-12-93) that it lost $356 million for the 
year ended June 30, obliterating shareholders' equity, which fell from 
$325 million June 30, 1992, to negative $53.2 million.

The report raises "substantial doubts about the company's ability to 
continue as a going concern," Commodore said in the report, which normally 
would have been issued in August.

The West Chester, Pa., firm also said it lost $9.7 million in the quarter 
ended Sept. 30. Officials were unavailable.