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Ultimate Electronics posts $10.6 million July operating loss
By Caroline Salls
Pittsburgh, Oct. 19 - Ultimate Electronics, Inc. reported a $10.6 million operating loss for July on $60,360 in sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The net loss for the month was $11.73 million.
Cash on July 31 was $820,048.
Ultimate Electronics, a Thornton, Colo.-based consumer electronics retailer, filed for bankruptcy on Jan. 11, 2005. Its Chapter 11 case number is 05-10104.
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