TCR_Public/051203.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

         Saturday, December 3, 2005, Vol. 9, No. 287


AOL LATIN: Files Monthly Operating Report for September 2005
COLLINS & AIKMAN: Earns $13 Million of Net Income in October 2005
FOAMEX INTERNATIONAL: Earns $294,000 of Net Income in October 2005
FOOTSTAR INC: Posts $1.3 Mil. Net Loss for Period Ended Oct. 29
KAISER ALUMINUM: Earns $3.98 Mil. of Net Income in October 2005

NEWPOWER HOLDINGS: Files October 2005 Monthly Operating Report
SONICBLUE INC: Files October 2005 Monthly Operating Report


AOL LATIN: Files Monthly Operating Report for September 2005
On Nov. 22, 2005, America Online Latin America, Inc., and its
debtor-affiliates, filed their monthly operating report for the
month ended September 2005, with the United States Bankruptcy
Court for the District of Delaware.

For the month ending Sept. 30, 2005, the Company's Income
Statement shows:
                                                  Net Income/
                                      Revenue      Net Loss
                                      -------     -----------
America Online Latin                       $0       ($475,356)
America, Inc.

AOL Latin America Management,        $345,000       ($563,211)

AOL Puerto Rico Management            $67,566       ($160,870)
Services, Inc.

America Online Caribbean Basin,      $965,223        $330,781

At Aug. 31, 2005, the Company's balance sheet shows:

              America Online Latin America, Inc.

      Current Assets                        $17,520,269
      Total Assets                          702,647,757
      Current Liabilities                     6,259,080
      Total Liabilities                     166,259,080
      Total Stockholders' Equity           $536,388,677

              AOL Latin America Management, LLC

      Current Assets                         $5,993,094
      Total Assets                            6,279,452
      Current Liabilities                    18,018,387
      Total Liabilities                      18,018,387
      Total Stockholders' Deficit          ($11,738,935)

          AOL Puerto Rico Management Services, Inc.

      Current Assets                           $199,195
      Total Assets                              342,345
      Current Liabilities                     6,174,414
      Total Liabilities                       6,195,893
      Total Stockholders' Deficit           ($5,853,548)

             America Online Caribbean Basin, Inc.

      Current Assets                        $17,905,228
      Total Assets                           17,925,378
      Current Liabilities                    (1,649,688)
      Total Liabilities                      (1,649,688)
      Total Stockholders' Equity            $19,575,066

A full-text copy of America Online Latin America, Inc., and its
debtor-affiliates' Monthly Operating Report for the month ended
August 2005, is available at no charge at:


Headquartered in Fort Lauderdale, Florida, America Online Latin
America, Inc. -- offers AOL-branded      
Internet service in Argentina, Brazil, Mexico, and Puerto Rico, as
well as localized content and online shopping over its proprietary
network.  Principal shareholders in AOLA are Cisneros Group, one
of Latin America's largest media firms, Brazil's Banco Itau, and
Time Warner, through America Online.  The Company and its debtor-
affiliates filed for chapter 11 protection on June 24, 2005
(Bankr. D. Del. Case No. 05-11778).  Pauline K. Morgan, Esq., and
Edmon L. Morton, Esq., at Young Conaway Stargatt & Taylor, LLP and
Douglas P. Bartner, Esq., at Shearman & Sterling LLP represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed total assets of
$28,500,000 and total debts of $181,774,000.

COLLINS & AIKMAN: Earns $13 Million of Net Income in October 2005

                     Collins & Aikman Corporation
                            Balance Sheet
                       As of October 30, 2005

Current assets:
    Cash                                             $50,251,782
    Accounts receivable                              138,857,331
    Other non-trade receivables                        6,300,444
    Inventories, net                                 120,236,166
    Tooling and molding, net - current                68,510,341
    Prepaids & other current assets                   78,124,586
    Deferred tax assets - current                        (87,825)
    Total current assets                             462,192,826

Investment in subsidiaries                         2,534,708,519
Fixed assets, net                                    351,559,330
Goodwill, net                                        978,554,071
Deferred tax assets - long term                       25,938,826
Tooling and molding, net-long term                    15,176,104
Other noncurrent assets                               96,863,271
Intercompany assets                                  179,590,894
PP IC accounts receivable                            650,149,627
TOTAL ASSETS                                      $5,294,733,468

                         LIABILITIES & EQUITY

Current liabilities:
    Notes payable                                             $0
    Short term borrowings                                     90
    Advance on receivables                                     0
    Current portion - long term debt                 259,125,000
    Current portion - capital leases                           0
    Accounts payable                                  27,698,590
    Accrued interest payable                           6,762,411
    Accrued & other liabilities                       63,793,070
    Income taxes payable                              (4,638,817)
    Total current liabilities                        352,740,254

Liabilities subject to compromise                  2,379,859,669
Total Liabilities                                  2,732,599,923

Total Equity                                       2,562,133,545
TOTAL LIABILITIES & EQUITY                        $5,294,733,468

                     Collins & Aikman Corporation
                           Income Statement
                      Month Ended October 2005

Net outside sales                                   $191,566,467
I/D Net sales                                          3,884,991
I/G Net sales                                          4,260,169
Total sales                                          199,711,627
Cost of goods sold                                   165,972,939
Gross profit                                          33,738,686

Selling, general & administrative expenses            19,566,396
Operating income                                      14,172,292

Interest expenses                                      7,123,722
Intercompany interest, net                            (2,041,819)
Preferred stock accretion                                      0
Miscellaneous (income)/expense                              (511)
Corporate allocation adjustment                       (3,414,608)
Commission income                                       (157,672)
Commission expense                                             0
Royalty income                                          (438,366)
Royalty expense                                                0
Joint Venture (Income)/Expense                           270,880
Minority interest in cons net income                           0
Dividend income                                                0
Discount/Income for Carcorp.                                   0
Gain/(Loss) early extinguishments of debt                      0
Discount/Premium on hedges                                     0
(Gain)/Loss on hedges                                          0
(Gain)/Loss on swaps                                           0
NAAIS Intercompany sales profit                                0
Loss on sale of receivables                                    0
Restructuring provision                                        0
Foreign transactions - (Gain)/Loss                       489,943
Amort of discount on NPV of liabilities                        0
(Gain)/Loss on sale-leaseback transaction                      0
Income from continuing operations before taxes        12,340,723

Federal income tax                                             0
State income tax                                               0
Foreign income tax                                        21,023
Income from continuing operations                     12,319,700

Discontinued operations                                 (900,163)
Gain/Loss on sale of divisions                                 0
Extraordinary items                                            0
Integration                                                    0
NET INCOME                                           $13,219,863

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- is a global leader in cockpit    
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.  The Company and its debtor-affiliates filed
for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case
No. 05-55927).  When the Debtors filed for protection from their
creditors, they listed $3,196,700,000 in total assets and
$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News,
Issue No. 20; Bankruptcy Creditors' Service, Inc., 215/945-7000)

FOAMEX INTERNATIONAL: Earns $294,000 of Net Income in October 2005

             Foamex International, et al., as Debtors
                     Consolidated Balance Sheet
                       As of October 30, 2005


Current Assets
      Cash                                            $3,697,000
      Accounts Receivable, net                       191,026,000
      Inventory                                       80,682,000
      Other current assets                            39,099,000
Total current assets                                 314,504,000

Land & land improvements                               5,100,000
Buildings                                             92,242,000
Leasehold improvement                                  6,357,000
Machinery & Equipment                                226,821,000
Furniture & Fixtures                                   5,237,000
Auto equipment                                         7,895,000
Computer equipment                                     7,283,000
Construction in progress                               1,388,000
Accumulated depreciation                            (250,292,000)
Total property plant & equipment, net                102,032,000

Goodwill, net                                         86,191,000
Debt Issuance costs, net                               8,658,000
Investment in subsidiaries                            20,836,000
Long-term intercompany receivable                      4,850,000
Other Assets                                          40,661,000
Total Assets                                        $577,729,000

                        LIABILITIES & EQUITY

Current Liabilities
      Revolver borrowings                           $159,082,000
      Current portion of long-term debt               86,515,000
      Accounts payable                                65,737,000
      Intercompany                                        72,000
      Accrued employee costs                          14,801,000
      Accrued rebates                                  9,133,000
      Accrued interest                                 2,189,000
      Other current liabilities                       15,009,000
Total current liabilities                            352,539,000

Intercompany debt                                              -
Liability Subject to Compromise                      641,230,000
Other liabilities                                     16,359,000
Total Long-Term Liabilities                          657,589,000
Total Liabilities                                  1,010,128,000

Common stock                                             280,000
Preferred stock                                           15,000
Additional paid-in capital                           102,547,000
Treasury stock                                       (27,780,000)
Partners capital                                               0
Other comprehensive income (loss)                    (34,755,000)
Shareholder loans                                     (9,221,000)
Accumulated deficit                                 (463,484,000)
Liabilities & Stockholders Deficiency               $577,729,000

               Foamex International, et al., as Debtors
                    Consolidated Income Statement
                    Month Ended October 30, 2005

Gross Sales
     Rebates, Discount & Sale Allowance             $104,607,000
     Net Sales                                        (4,924,000)

Material                                              65,853,000
Labor                                                  4,586,000
Overhead                                              12,258,000
Freight/Shipping                                       4,929,000
Cost of Sales                                         87,626,000

Gross Profit                                          12,057,000

Labor & Employee Expense                               3,143,000
Indirect Materials & Samples                            (136,000)
Equipment & Maintenance Expense                           11,000
Facility Expense                                         242,000
Travel & Entertainment                                   200,000
Technology                                               140,000
Professional Fees & Services                           1,652,000
Other Miscellaneous Expense                               48,000
Insurance & Tax                                          174,000
Bad debt expense                                        (107,000)
Bank/Collection Costs                                     66,000
Transportation Cost                                       13,000
Depreciation/Amortization                                292,000
Corp. Cost to COS                                       (730,000)
Selling, general & admin expenses                      5,006,000

Restructuring & Impairment Charges                     1,012,000
Income from operations                                 6,041,000

Interest Expense                                       4,911,000

Equity in earnings of JV & non-debtor subs               323,000
Other Income & (Expense)                                 (51,000)

Professional Fees                                        970,000
Provision/Gains - Rejected Contracts                           -
Bankruptcy Filing Fees                                    12,000
Other Expense                                            127,000
Debt Adjustment Gain/Loss                                      -
Reorganization Expense (Income)                        1,109,000

Income before Tax                                        294,000
Tax Provision                                                  -
Net Income                                              $294,000

Headquartered in Linwood, Pa., Foamex International Inc. -- is the world's leading producer of  
comfort cushioning for bedding, furniture, carpet cushion and
automotive markets.  The Company also manufactures high-
performance polymers for diverse applications in the industrial,
aerospace, defense, electronics and computer industries. The
Company and eight affiliates filed for chapter 11 protection on
Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685 through 05-12693).
Attorneys at Paul, Weiss, Rifkind, Wharton & Garrison LLP,
represent the Debtors in their restructuring efforts.  Houlihan,
Lokey, Howard and Zukin and O'Melveny & Myers LLP are advising the
ad hoc committee of Senior Secured Noteholders.  As of July 3,
2005, the Debtors reported $620,826,000 in total assets and
$744,757,000 in total debts.  (Foamex International Bankruptcy
News, Issue No. 7; Bankruptcy Creditors' Service, Inc., 215/945-

FOOTSTAR INC: Posts $1.3 Mil. Net Loss for Period Ended Oct. 29
On Nov. 30, 2005, Footstar, Inc., and its debtor-affiliates filed
their monthly operating report for the period from Oct. 2, 2005,
to Oct. 29, 2005, with the U.S. Bankruptcy Court for the Southern
District of New York.

The Debtors reported a $1,300,000 net loss on $56,100,000 of net
sales for the period from Oct. 2, 2005, to Oct. 29, 2005.  The
Debtors also reported a cumulative net loss of $62,900,000 on
$1,259,800,000 of net sales from March 3, 2004, through Oct. 29,

At Oct. 29, 2005, Footstar, Inc.'s consolidated balance sheet

      Total Current Assets                      $307,400,000
      Total Assets                               349,900,000
      Current Liabilities Subject to Compromise  149,900,000
      Total Liabilities                          307,600,000
      Total Shareholders' Equity                 $42,300,000

A full-text copy of Footstar, Inc.'s Monthly Operating Report for
the period from Oct. 2, 2005, to Oct. 29, 2005, is available at
no charge at

Headquartered in West Nyack, New York, Footstar Inc., retails
family and athletic footwear.  As of August 28, 2004, the Company
operated 2,373 Meldisco licensed footwear departments nationwide
in Kmart, Rite Aid and Federated Department Stores.  The Company
also distributes its own Thom McAn brand of quality leather
footwear through Kmart, Wal-Mart and Shoe Zone stores.  The
Company and its debtor-affiliates filed for chapter 11 protection
on March 3, 2004 (Bankr. S.D.N.Y. Case No. 04-22350).  Paul M.
Basta, Esq., at Weil Gotshal & Manges represents the Debtors in
their restructuring efforts.  When the Debtor filed for chapter 11
protection, it listed $762,500,000 in total assets and
$302,200,000 in total debts.

KAISER ALUMINUM: Earns $3.98 Mil. of Net Income in October 2005

            Kaiser Aluminum Corporation -- All Debtors
                     Unaudited Balance Sheets
                      As of October 31, 2005
                          (In Thousands)
Cash                                                    $54,402
   Trade                                                100,117  
   Other                                                  5,117  
Total Receivables                                       105,234  
Inventories                                             101,552  
Prepaid expenses and other current assets                12,577  
Total current assets                                    273,765  
Investments in and advances to subsidiaries              21,128  
Intercompany receivables/payables, net                   (4,250)  
Property, plant, and equipment - net                    217,935  
Deferred income taxes                                         -  
Restricted proceeds from sale of commodity interests    682,823  
Other assets                                          1,012,359  
Total Assets                                         $2,203,760  
Liabilities not subject to compromise:  
   Accounts Payable                                     $43,437  
   Accrued interest                                         961  
   Accrued salaries, wages and related expenses          49,029  
   Accrued post retirement benefit - current                  -  
   Other accrued liabilities                             79,451  
   Payable to affiliates                                 12,669  
   Long term debt - current portion                       1,167  
Total current liabilities                               186,744  
Long-term liabilities                                    40,886  
Accrued postretirement benefit obligation                     -
Long-term debt                                            1,212  
Liabilities subject to compromise                     3,976,177  
Minority interests                                          655  
Stockholders' equity:  
   Preference stock                                           -  
   Common stock                                             789  
   Additional capital                                   538,007  
Accumulated deficit - As of filing date                (952,438)  
Accumulated deficit - Post filing date               (1,579,243)  
Accumulated other comprehensive income (loss)            (9,029)  
Note receivable from parent                                   -  
Total Liabilities & Stockholders' Equity             $2,203,760  

            Kaiser Aluminum Corporation -- All Debtors
                Unaudited Statements of Operations
              For the Month Ending October 31, 2005
                          (In Thousands)

Net Sales                                               $94,970

Costs and expenses:
   Cost of products sold                                 79,857
   Depreciation & amortization                            1,646
   Selling, administrative, R&D and general               5,524
   Other operating charges (benefits), net                1,051
Total costs and expenses                                 88,078
Operating income (loss)                                   6,712

Other income (expense):
   Interest expenses, net                                  (313)
   Reorganization items                                     910
   Other-net                                               (159)
Income (loss) before
   income taxes and minority interest                     7,150
(Provision) benefit for income taxes                     (3,140)
Minority interests                                            -
Equity in income (loss) of subsidiaries                     (29)
Net income (loss)                                        $3,981

            Kaiser Aluminum Corporation -- All Debtors
     Schedule of Consolidated Cash Receipts and Disbursements
              For the Month Ending October 31, 2005
                          (In Thousands)

   Trade Receivables
      KACC Receivables                                  $72,975
      KAII Receivables                                   28,603
   Total Trade Receivables                              101,038

   Proceeds from Asset Sales                                  -
   Asbestos insurance recoveries                              -
   COBRA receipts                                           857
   Proceeds from Hedging Settlement                         712
Total Receipts                                          102,607

   Inventory/Raw Materials                               40,604
   Capital Expenditures                                   1,107
   Domestic Income Tax Payment                                -
   Maintenance, Materials, etc.                           3,554
   Freight                                                3,960
   Utilities/Energy                                       7,101
   Hourly Payroll                                         6,331
   Salaried Payroll                                       3,258
   Hedging Activities                                         -
   Pension Contributions                                      -
   VEBA Advances                                          1,900
   Medical - Current Employees                            2,708
   Workmen's Compensation                                   414
   Corporate General and Administrative                   5,017
   JV Fundings - Primary, Net of Minority Interest        9,854
   Other Disbursements                                    3,659
Total Operating and G&A Disbursements                    89,467

Reorganization Items                                      1,726
Total Disbursements                                      91,193
Net Cash Flow                                            11,414

Beginning Bank Cash Balances                             43,602
Ending Bank Cash Balances                                55,016

Reconciling Items                                          (614)
Ending Book Cash Balances                               $54,402

Headquartered in Foothill Ranch, California, Kaiser Aluminum
Corporation -- is a leading   
producer of fabricated aluminum products for aerospace and high-
strength, general engineering, automotive, and custom industrial
applications.  The Company filed for chapter 11 protection on
February 12, 2002 (Bankr. Del. Case No. 02-10429), and has sold
off a number of its commodity businesses during course of its
cases.  Corinne Ball, Esq., at Jones Day, represents the Debtors
in their restructuring efforts.  On June 30, 2004, the Debtors
listed $1.619 billion in assets and $3.396 billion in debts.
(Kaiser Bankruptcy News, Issue No. 83; Bankruptcy Creditors'
Service, Inc., 215/945-7000)

NEWPOWER HOLDINGS: Files October 2005 Monthly Operating Report
On Nov. 21, 2005, NewPower Holdings, Inc., filed its September
2005 Monthly Operating Report for the period from Sept. 30, 2005,
to Oct. 31, 2005, with the U.S. Bankruptcy Court for the Northern
District of Georgia, Newnan Division.  The company reports an
opening cash balance of $51,970,000 and a closing cash balance of

A full-text copy of NewPower Holdings, Inc.'s Monthly Operating
Report for the period from Sept. 30, 2005, to Oct. 31, 2005, is
available at no charge at

NewPower Holdings, Inc., and its debtor-affiliates filed for
chapter 11 protection on June 11, 2002 (Bankr. N.D. Ga. 02-10836).
Paul K. Ferdinands, Esq., at King & Spalding and William M.
Goldman, Esq., at Sidley Austin Brown & Wood LLP represent the
Debtors.  When the Debtors filed for chapter 11 protection, they
reported $231,837,000 in assets and $87,936,000 in debts.

On Aug. 15, 2003, the United States Bankruptcy Court for the
Northern District of Georgia, Newnan Division, confirmed the
Second Amended Chapter 11 Plan with respect to NewPower Holdings,
Inc., and TNPC Holdings, Inc., a wholly owned subsidiary of the
Company.  On Feb. 28, 2003, the Bankruptcy Court previously
confirmed the Plan, and the Plan has been effective as of
March 11, 2003, with respect to The New Power Company, a wholly
owned subsidiary of the Company.  The Plan became effective on
Oct. 9, 2003, with respect to the Company and TNPC.

SONICBLUE INC: Files October 2005 Monthly Operating Report
At Oct. 31, 2005, SONICblue Incorporated reports that it is
sitting on $78,224,799 of cash, has accrued $986,250 in
postpetition liabilities and faces a $236,604,166 mountain of
prepetition debts.

A full-text copy of SONICblue Inc.'s October 2005 Operating
Report is available at no charge at  

Headquartered in Santa Clara, California, SONICblue Incorporated
is involved in the converging Internet, digital media,
entertainment and consumer electronics markets.  The Company,
together with three of its wholly owned subsidiaries, Diamond
Multimedia Systems, Inc., ReplayTV, Inc., and Sensory Science
Corporation, filed for chapter 11 protection on Mar. 21, 2003
(Bankr. N.D. Calif. Case Nos. 03-51775 to 03-51778).  Craig A.
Barbarosh, Esq., at the LAw Offices of Pillsbury Winthrop,
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they listed
assets totaling $342,871,000 and debts totaling $335,473,000.


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