SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________________________________________________
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1996
Commission File No. 0-20097
ARC CAPITAL
A California Corporation
IRS Employer Identification No. 33-0256103
2067 Commerce Drive
Medford, OR 97504
Telephone: (541) 776-7700
_________________________________
Indicate by checkmark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days.
Yes [x] No [ ]
On March 31, 1996, registrant had 10,722,107 shares of Class A Common Stock
and 120,584 shares of Class B Common Stock, all no par value, issued and
outstanding.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from the
March 31, 1996, financial statements and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 1409
<SECURITIES> 0
<RECEIVABLES> 3105
<ALLOWANCES> 293
<INVENTORY> 7916
<CURRENT-ASSETS> 13183
<PP&E> 6756
<DEPRECIATION> 927
<TOTAL-ASSETS> 21878
<CURRENT-LIABILITIES> 10979
<BONDS> 7967
0
0
<COMMON> 25044
<OTHER-SE> (22112)
<TOTAL-LIABILITY-AND-EQUITY> 21878
<SALES> 3613
<TOTAL-REVENUES> 3613
<CGS> 2134
<TOTAL-COSTS> 4744
<OTHER-EXPENSES> (6735)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (172)
<INCOME-PRETAX> (7970)
<INCOME-TAX> 0
<INCOME-CONTINUING> (7970)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (7970)
<EPS-PRIMARY> (0.81)
<EPS-DILUTED> (0.81)
<FN>
<F1>
Other expenses include a charge for acquired in-process
technology of $6088 and a charge for royalty expense of $647.
</FN>
</TABLE>
