WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-END> DEC-31-1997 <CASH> 102,000 <SECURITIES> 3,215,000 <RECEIVABLES> 2,589,000 <ALLOWANCES> 0 <INVENTORY> 38,322,000 <CURRENT-ASSETS> 45,223,000 <PP&E> 1,022,000 <DEPRECIATION> 28,000 <TOTAL-ASSETS> 45,357,000 <CURRENT-LIABILITIES> 29,065,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 738,000 <OTHER-SE> 15,637,000 <TOTAL LIABILTIES-AND-EQUITY> 45,357,000 <SALES> 4,254,000 <TOTAL-REVENUES> 4,254,000 <CGS> 2,794,000 <TOTAL-COSTS> 2,794,000 <OTHER-EXPENSES> 575,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 462,000 <INCOME-PRETAX> 805,000 <INCOME-TAX> 97,000 <INCOME-CONTINUING> 263,000 <DISCONTINUED> 15,000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 151,000 <EPS-PRIMARY> .01 <EPS-DILUTED> .01