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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Delaware	95-4120606
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
381 Brea Canyon Road Walnut, California 91789 (909) 869-7976
(Address, including Zip Code, of Registrant’s Principal Executive Offices and Registrant’s Telephone Number, including Area Code)

		Page
	PART I: FINANCIAL INFORMATION
Item 1.	Consolidated Condensed Financial Statements (unaudited)	3
	Consolidated Condensed Balance Sheets as of September 30, 2004 and December 31, 2003	3
	Consolidated Condensed Statements of Operations for the three and nine months ended September 30, 2004 and 2003	4
	Consolidated Condensed Statements of Cash Flows for the nine-months ended September 30, 2004 and 2003	5
	Notes to Consolidated Condensed Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	19
Item 4.	Controls and Procedures	27
	PART II: OTHER INFORMATION
Item 1.	Legal Proceedings	28
Item 2.	Unregistered Sales of Equity Securities, and Use of Proceeds	28
Item 3.	Defaults Upon Senior Securities	28
Item 4.	Submission of Matters to a Vote of Securities Holders	28
Item 5.	Other Information	28
Item 6.	Exhibits	28
	Signatures	29

	September 30, 2004			December 31, 2003
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	45,618		$	87,760
Short-term investments		-			3,687
Trade receivables—net		129,774			131,805
Other receivables		5,753			5,765
Inventories		107,097			128,803
Deferred income taxes		15,677			11,592
Prepaids and other current assets		5,946			4,980
Income taxes receivable		238			123
Net assets of business held for sale		-			4,013
Total current assets		310,103			378,528
PROPERTY, PLANT AND EQUIPMENT—Net		15,318			15,909
LONG-TERM INVESTMENTS		7,121			13,704
GOODWILL		2,123			2,123
OTHER ASSETS—Net		4,233			2,869
TOTAL	$	338,898		$	413,133
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Bank borrowings	$	15,784		$	6,342
Accounts payable		160,559			237,269
Accrued promotional expenses		27,047			15,779
Accrued warranty expense		15,626			14,706
Other accrued expenses		16,278			18,684
Total current liabilities		235,294			292,780
SUBORDINATED NOTES PAYABLE—Related party		43,000			43,000
DEFERRED INCOME TAXES		-			590
CONVERTIBLE MANDATORILY REDEEMABLE PREFERRED STOCK		13,069			12,056
STOCKHOLDERS’ EQUITY:
Common stock, $.01 par value: Authorized—600,000,000 shares at September 30, 2004 and December 31, 2003 Outstanding—353,952,429 and 353,897,749 shares at September 30, 2004 and December 31, 2003, respectively		3,540			3,539
Additional paid-in capital		92,142			92,105
Accumulated deficit		(42,402)			(28,125)
Accumulated other comprehensive loss		(5,745)			(2,812)
Total stockholders’ equity		47,535			64,707
TOTAL	$	338,898		$	413,133