PERCEPTION TECHNOLOGY <PCEP> TO TAKE CHARGE
Perception Technology Corp said
it expects to take a charge of about 686,000 dlrs or 19 cts per
share against earnings for the second quarter ended March 31
due to the bankruptcy proceeding of customer T.C. of New York
Inc.
    Perception said it has outstanding lease receivables from
T.C. of about 2,480,000 dlrs.
    It said the exact amnount of the charge will depend on the
extent of recovery of the leased equipment involved and on
arrangements that might be made with the bankruptcy court on
the equipment.
 Reuter
