Exhibit 11
                    COMPUTATION OF EARNINGS (LOSS) PER SHARE
                           FROM CONTINUING OPERATIONS


                                                                                  

                                                             YEAR ENDED JUNE 30,
                                                     1999                 1998                 1997
                                                                    (IN THOUSANDS, EXCEPT PER SHARE DATA)

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS
APPLICABLE TO COMMON STOCK                       $(3,438,000)          $ (624,000)          $ (509,000)

AVERAGE COMMON SHARES OUTSTANDING                  1,514,436            1,581,014            1,647,723

AVERAGE COMMON AND COMMON EQUIVALENT SHARES
OUTSTANDING                                        1,548,844            1,600,327            1,647,723

EARNING PER COMMON SHARE

                  Basic                          $   (2.27)             $ (0.39)             $ (0.31)

                  Diluted (1)                    $   (2.27)             $ (0.39)             $ (0.31)

(1)  The effect of potentially dilutive stock options has not been computed
     because the effect would be anti-dilutive.