Daisytek International (DZTK) 8-K Other events

Exhibit 99.4

		Monthly Operating Report
CASE NAME:	Arlington Industries, Inc.	ACCRUAL BASIS
CASE NUMBER:	03-34762-HDH-11	02/13/95, RWD, 2/96
JUDGE:	H.D. Hale

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF TEXAS

6 DIVISION

MONTHLY OPERATING REPORT

MONTH ENDING:June 30, 2003

IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.

RESPONSIBLE PARTY:

/s/ Eric T. Logan	Interim Chief Financial Officer
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY	TITLE
Eric T. Logan	July 18, 2003
PRINTED NAME OF RESPONSIBLE PARTY	DATE

PREPARER:

/s/ Mark Corjay	Vice President, Controller
ORIGINAL SIGNATURE OF PREPARER	TITLE
Mark Corjay	July 18, 2003
PRINTED NAME OF PREPARER	DATE

		Monthly Operating Report
CASE NAME:	Arlington Industries, Inc.	ACCRUAL BASIS-1
CASE NUMBER:	03-34762-HDH-11	02/13/95, RWD, 2/96

COMPARATIVE BALANCE SHEET
		SCHEDULE AMOUNT		MONTH May 31, 2003		MONTH June 30, 2003			MONTH
ASSETS
1.	UNRESTRICTED CASH	$	19,633	$	111,524	$	1,287,416
2.	RESTRICTED CASH
3.	TOTAL CASH	$	19,633	$	111,524	$	1,287,416		$	0
4.	ACCOUNTS RECEIVABLE (NET)	$	11,170,376	$	9,807,203	$	7,785,748
5.	INVENTORY	$	11,236,001	$	9,196,777	$	11,515,732
6.	NOTES RECEIVABLE
7.	PREPAID EXPENSES	$	207,858	$	561,385	$	277,598
8.	OTHER (ATTACH LIST)
	Credit card and other receivables	$	365,547	$	486,508	$	443,446
	Prepaid merchandise	$	813,207	$	4,460,080	$	3,157,218
	TOTAL OTHER	$	1,178,754	$	4,946,588	$	3,600,664
9.	TOTAL CURRENT ASSETS	$	23,812,622	$	24,623,477	$	24,467,158		$	0
10.	PROPERTY, PLANT & EQUIPMENT	$	1,269,806	$	1,269,806	$	1,263,806
11.	LESS: ACCUMULATED DEPRECIATION / DEPLETION	$	768,160	$	783,688	$	803,301
12.	NET PROPERTY, PLANT & EQUIPMENT	$	501,646	$	486,118	$	460,505		$	0
13.	DUE FROM INSIDERS			$	0
14.	OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST)
	Goodwill	$	11,716,275	$	11,716,275	$	11,716,275
15.	OTHER (ATTACH LIST)			$	0
16.	TOTAL ASSETS	$	36,030,543	$	36,825,870	$	36,643,938		$	0
POSTPETITION LIABILITIES
17.	ACCOUNTS PAYABLE			$	357,388	$	(1,508,957	)
18.	TAXES PAYABLE			$	85,854	$	334,089
19.	NOTES PAYABLE
20.	PROFESSIONAL FEES
21.	SECURED DEBT
22.	OTHER (ATTACH LIST)
	Accrued expenses			$	85,879	$	(61,806	)
	Other accounts payable			$	672,358
23.	TOTAL POSTPETITION LIABILITIES			$	1,201,479	$	(1,236,674	)	$	0
PREPETITION LIABILITIES
24.	SECURED DEBT
25.	PRIORITY DEBT	$	137,031	$	39,625
26.	UNSECURED DEBT	$	7,194,185	$	7,093,180	$	6,744,082
27.	OTHER (ATTACH LIST)
	Other accounts payable	$	1,363,321	$	522,313	$	1,686,365
	Accrued expenses	$	884,000	$	884,000	$	884,000
	Intercompany payables	$	13,170,427	$	13,645,433	$	14,643,258
	TOTAL OTHER	$	15,417,748	$	15,051,746	$	17,213,623
28.	TOTAL PREPETITION LIABILITIES	$	22,748,964	$	22,184,551	$	23,957,705		$	0
29.	TOTAL LIABILITIES	$	22,748,964	$	23,386,030	$	22,721,031		$	0
EQUITY
30.	PREPETITION OWNERS’ EQUITY	$	13,281,579	$	13,281,579	$	13,281,579
31.	POSTPETITION CUMULATIVE PROFIT OR (LOSS)			$	158,261	$	641,328
32.	DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION)
33.	TOTAL EQUITY	$	13,281,579	$	13,439,840	$	13,922,907		$	0
34.	TOTAL LIABILITIES & OWNERS’ EQUITY	$	36,030,543	$	36,825,870	$	36,643,938		$	0

		Monthly Operating Report
CASE NAME:	Arlington Industries, Inc.	ACCRUAL BASIS-2
CASE NUMBER:	03-34762-HDH-11	02/13/95, RWD, 2/96

INCOME STATEMENT
		MONTH 5/7/03-5/31/03		MONTH June 30, 2003		MONTH		QUARTER TOTAL
REVENUES
1.	GROSS REVENUES	$	4,933,609	$	6,155,312
2.	LESS: RETURNS & DISCOUNTS	$	146,955
3.	NET REVENUE	$	4,786,654	$	6,155,312	$	0	$	0
COST OF GOODS SOLD
4.	MATERIAL
5.	DIRECT LABOR
6.	DIRECT OVERHEAD
7.	TOTAL COST OF GOODS SOLD	$	4,031,195	$	4,848,594	$	0	$	0
8.	GROSS PROFIT	$	755,459	$	1,306,718	$	0	$	0
OPERATING EXPENSES
9.	OFFICER / INSIDER COMPENSATION
10.	SELLING & MARKETING	$	48,667	$	77,723
11.	GENERAL & ADMINISTRATIVE	$	353,043	$	391,999
12.	RENT & LEASE	$	47,973	$	77,474
13.	OTHER (ATTACH LIST)
14.	TOTAL OPERATING EXPENSES	$	449,683	$	547,196	$	0	$	0
15.	INCOME BEFORE NON-OPERATING INCOME & EXPENSE	$	305,776	$	759,522	$	0	$	0
OTHER INCOME & EXPENSES
16.	NON-OPERATING INCOME (ATT. LIST)
17.	NON-OPERATING EXPENSE (ATT. LIST)
	BANK FEES AND OTHER			$	11,702
18.	INTEREST EXPENSE
19.	DEPRECIATION / DEPLETION	$	15,515	$	19,614
20.	AMORTIZATION
21.	OTHER (ATTACH LIST)
22.	NET OTHER INCOME & EXPENSES	$	15,515	$	31,316	$	0	$	0
REORGANIZATION EXPENSES
23.	PROFESSIONAL FEES
24.	U.S. TRUSTEE FEES
25.	OTHER (ATTACH LIST)
26.	TOTAL REORGANIZATION EXPENSES	$	0	$	0	$	0	$	0
27.	INCOME TAX	$	132,000	$	245,139
28.	NET PROFIT (LOSS)	$	158,261	$	483,067	$	0	$	0

		Monthly Operating Report
CASE NAME:	Arlington Industries, Inc.	ACCRUAL BASIS-3
CASE NUMBER:	03-34762-HDH-11	02/13/95, RWD, 2/96

CASH RECEIPTS AND DISBURSEMENTS		MONTH 5/7/03-5/31/03			MONTH June 30, 2003			MONTH		QUARTER TOTAL
1.	CASH - BEGINNING OF MONTH	$	19,633		$	111,524		$	1,287,416
RECEIPTS FROM OPERATIONS
2.	CASH SALES	$	0
COLLECTION OF ACCOUNTS RECEIVABLE
3.	PREPETITION
4.	POSTPETITION	$	6,369,399		$	8,113,763
5.	TOTAL OPERATING RECEIPTS	$	6,369,399		$	8,113,763		$	0	$	0
NON - OPERATING RECEIPTS
6.	LOANS & ADVANCES (ATTACH LIST)
7.	SALE OF ASSETS	$	0
8.	OTHER (ATTACH LIST)
	Cash receipts transfers to Daisytek Inc.	$	(6,369,399	)	$	(6,588,823	)
	Payroll funding transfer from Daisytek Inc.	$	305,564		$	294,974
	Other cash transfers from Daisytek Inc.	$	5,220,609		$	7,553,396
	TOTAL OTHER	$	(843,226	)	$	1,259,547
9.	TOTAL NON-OPERATING RECEIPTS	$	(843,226	)	$	1,259,547		$	0	$	0
10.	TOTAL RECEIPTS	$	5,526,173		$	9,373,310		$	0	$	0
11.	TOTAL CASH AVAILABLE	$	5,545,806		$	9,484,834		$	1,287,416	$	0
OPERATING DISBURSEMENTS
12.	NET PAYROLL	$	242,756		$	230,387
13.	PAYROLL TAXES PAID	$	62,808		$	64,587
14.	SALES, USE & OTHER TAXES PAID	$	0		$	48,263
15.	SECURED / RENTAL / LEASES	$	53,688		$	53,688
16.	UTILITIES	$	7,699		$	25,268
17.	INSURANCE
18.	INVENTORY PURCHASES	$	4,592,675		$	7,463,144
19.	VEHICLE EXPENSES
20.	TRAVEL	$	6,742
21.	ENTERTAINMENT
22.	REPAIRS & MAINTENANCE
23.	SUPPLIES
24.	ADVERTISING
25.	OTHER (ATTACH LIST)
	Bank Fees	$	215
	Other operating	$	467,699		$	312,079
	TOTAL OTHER	$	467,914		$	312,079
26.	TOTAL OPERATING DISBURSEMENTS	$	5,434,282		$	8,197,417		$	0	$	0
REORGANIZATION EXPENSES
27.	PROFESSIONAL FEES
28.	U.S. TRUSTEE FEES
29.	OTHER (ATTACH LIST)
30.	TOTAL REORGANIZATION EXPENSES	$	0		$	0		$	0	$	0
31.	TOTAL DISBURSEMENTS	$	5,434,282		$	8,197,417		$	0	$	0
32.	NET CASH FLOW	$	91,891		$	1,175,892		$	0	$	0
33.	CASH - END OF MONTH	$	111,524		$	1,287,416		$	1,287,416	$	0

		Monthly Operating Report
CASE NAME:	Arlington Industries, Inc.	ACCRUAL BASIS-4
CASE NUMBER:	03-34762-HDH-11	02/13/95, RWD, 2/96

ACCOUNTS RECEIVABLE AGING		SCHEDULE AMOUNT		MONTH May 31, 2003		MONTH June 30, 2003		MONTH
1.	0-30	$	10,776,600	$	9,159,443	$	6,751,212
2.	31-60	$	353,862	$	538,222	$	67,541
3.	61-90	$	57,502	$	146,545	$	546,662
4.	91+	$	429,674	$	415,723	$	882,641
5.	TOTAL ACCOUNTS RECEIVABLE	$	11,617,637	$	10,259,933	$	8,248,056	$	0
6.	AMOUNT CONSIDERED UNCOLLECTIBLE	$	447,261	$	452,730	$	462,308
7.	ACCOUNTS RECEIVABLE (NET)	$	11,170,376	$	9,807,203	$	7,785,748	$	0

AGING OF POSTPETITION TAXES AND PAYABLES									MONTH:	June 30, 2003
TAXES PAYABLE		0-30 DAYS			31-60 DAYS			61-90 DAYS		91+ DAYS		TOTAL
1.	FEDERAL	$	329,303		$	0		$	0	$	0	$	329,303
2.	STATE	$	2,086		$	0		$	0	$	0	$	2,086
3.	LOCAL	$	2,700		$	0		$	0	$	0	$	2,700
4.	OTHER (ATTACH LIST)	$	0		$	0		$	0	$	0	$	0
5.	TOTAL TAXES PAYABLE	$	334,089		$	0		$	0	$	0	$	334,089
6.	ACCOUNTS PAYABLE	$	(1,439,807	)	$	(69,227	)	$	77			$	(1,508,957	)
STATUS OF POSTPETITION TAXES									MONTH:	June 30, 2003
FEDERAL					BEGINNING TAX LIABILITY *			AMOUNT WITHHELD AND/ OR ACCRUED		AMOUNT PAID		ENDING TAX LIABILITY
1.	WITHHOLDING**				$	5,513		$	30,819	$	29,563	$	6,769
2.	FICA-EMPLOYEE**				$	4,085		$	17,576	$	17,475	$	4,186
3.	FICA-EMPLOYER**				$	4,085		$	17,576	$	17,475	$	4,186
4.	UNEMPLOYMENT				$	18		$	79	$	74	$	23
5.	INCOME				$	69,000		$	245,139	$	0	$	314,139
6.	OTHER (ATTACH LIST)				$	0		$	0	$	0	$	0
7.	TOTAL FEDERAL TAXES				$	82,701		$	311,189	$	64,587	$	329,303
STATE AND LOCAL
8.	WITHHOLDING				$	1,564		$	8,059	$	7,740	$	1,883
9.	SALES				$	0		$	0	$	0	$	0
10.	EXCISE				$	0		$	0	$	0	$	0
11.	UNEMPLOYMENT				$	239		$	862	$	898	$	203
12.	REAL PROPERTY				$	0		$	0	$	0	$	0
13.	PERSONAL PROPERTY				$	1,350		$	1,350	$	0	$	2,700
14.	OTHER (ATTACH LIST)				$	0		$	0	$	0	$	0
15.	TOTAL STATE & LOCAL				$	3,153		$	10,271	$	8,638	$	4,786
16.	TOTAL TAXES				$	85,854		$	321,460	$	73,225	$	334,089

* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero.

** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.

		Monthly Operating Report
CASE NAME:	Arlington Industries, Inc.	ACCRUAL BASIS-5
CASE NUMBER:	03-34762-HDH-11	02/13/95, RWD, 2/96

The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.

BANK RECONCILIATIONS			MONTH:			June 30, 2003
		Account #1			Account #2			Account #3		TOTAL
A.	BANK:		Bank One			Suntrust
B.	ACCOUNT NUMBER:		5000174076			0008800770268
C.	PURPOSE (TYPE):		Commercial Checking			Petty Cash
1.	BALANCE PER BANK STATEMENT	$	693,245		$	8,393				$	701,638
2.	ADD: TOTAL DEPOSITS NOT CREDITED	$	595,898							$	595,898
3.	SUBTRACT: OUTSTANDING CHECKS	$	(680,447	)						$	(680,447	)
4.	OTHER RECONCILING ITEMS	$	678,720		$	(8,393	)			$	670,326
5.	MONTH END BALANCE PER BOOKS	$	1,287,416		$	0				$	1,287,416
6.	NUMBER OF LAST CHECK WRITTEN		64423
INVESTMENT ACCOUNTS
BANK, ACCOUNT NAME & NUMBER		DATE OF PURCHASE			TYPE OF INSTRUMENT			PURCHASE PRICE		CURRENT VALUE
7.
8.
9.
10.
11.	TOTAL INVESTMENTS							$	0	$	0
CASH
12.	CURRENCY ON HAND
	Petty Cash for IL $    and CA $
13.	TOTAL CASH - END OF MONTH									$	1,287,416

		Monthly Operating Report
CASE NAME:	Arlington Industries, Inc.	ACCRUAL BASIS-6
CASE NUMBER:	03-34762-HDH-11	02/13/95, RWD, 2/96
		MONTH:June 30, 2003

PAYMENTS TO INSIDERS AND PROFESSIONALS

OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSIDERS
NAME		TYPE OF PAYMENT	AMOUNT PAID		TOTAL PAID TO DATE
1.	See Daisytek, Incorporated
2.
3.
4.
5.
6.	TOTAL PAYMENTS TO INSIDERS		$	0	$	0

PROFESSIONALS
NAME		DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID *
1.	See Daisytek, Incorporated
2.
3.
4.
5.
6.	TOTAL PAYMENTS TO PROFESSIONALS		$	0	$	0	$	0	$	0

* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS

	NAME OF CREDITOR	SCHEDULED MONTHLY PAYMENTS DUE	AMOUNTS PAID DURING MONTH	TOTAL UNPAID POSTPETITION
1.	Manulife Insurance Co.	32,584.00	32,584.00	0.00
2.	Shaheen & Co.	3,835.80	3,835.80	0.00
3.	Carson Dominguez Properties	17,269	17,269	0.00
	TOTAL	53,688.34	53,688.34	0.00

		Monthly Operating Report
CASE NAME:	Arlington Industries, Inc.	ACCRUAL BASIS-7
CASE NUMBER:	03-34762-HDH-11	02/13/95, RWD, 2/96
		MONTH:June 30, 2003

QUESTIONNAIRE
		YES	NO
1.	HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?		X X
2.	HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?
3.	ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES?		X
4.	HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?	X
5.	HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?		X X
6.	ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?
7.	ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?		X
8.	ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?		X
9.	ARE ANY OTHER POSTPETITION TAXES PAST DUE?		X
10.	ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?		X
11.	HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?	X
12.	ARE ANY WAGE PAYMENTS PAST DUE?		X

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.

See attached schedule for Question 4 and 11 detail.

INSURANCE
		YES	NO
1.	ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?	X
2.	ARE ALL PREMIUM PAYMENTS PAID CURRENT?	X
3.	PLEASE ITEMIZE POLICIES BELOW.

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “NO,” OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSTALLMENT PAYMENTS
TYPE OF POLICY	CARRIER	PERIOD COVERED	PAYMENT AMOUNT & FREQUENCY
See Daisytek, Incorporated

MOR - Section 7 - Question 4 and 11

Pre-petition Taxes Paid

Jurisdiction		Pre/Post	Amount	Company	Tax Type
GA	6/20/03	Pre	293.49	Arlington	Income Tax
Los Angeles, CA	6/20/03	Pre	39,331.32	Arlington	Business Tax
			39,624.81