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Technology Stocks : Brillian Corporation

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To: TT who wrote (137)2/16/2007 7:23:52 AM
From: TT   of 361
 
Syntax-Brillian "buy," target price reduced

Friday, February 16, 2007 10:36:12 PM ET
Brean Murray, Carret & Co

NEW YORK, February 16 (newratings.com) - Analyst Michael H V Tieu of Brean Murray reiterates his "buy" rating on Syntax-Brillian Corporation (ticker: BRLC), while reducing his estimates for the company. The target price has been reduced from $20 to $15.

In a research note published yesterday, the analyst mentions that the company is required to report 14.5% tax on income for the next couple of quarters and 35%-39% tax on income in FY08, given the rapid growth in its quarterly net income. The GAAP EPS estimates for FY07 and FY08 have been reduced from $0.70 to $0.60 and from $1.12 to $0.73, respectively.
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