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General Automation, an Anaheim computer products supplier, said its earnings for the fiscal year ended June 30 will suffer from a write-off of about $3.8 million as a result of the sale of a money-losing subsidiary, Parallel Computers in Santa Cruz. General Automation sold the unit to a newly created subsidiary of Integrated Micro Products of Consett, England, in a $900,000 deal consisting of cash, a note and the assumption of liabilities. The company earned $1.6 million, which included a $1-million tax credit, in its 1987 fiscal year, but a spokesman said the company expects to report a loss for its 1988 fiscal year when it discloses its financial results within the next two weeks.
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