Repurchase unsold inventory from China? Buy back $99M of product (26,800 units). Where's my calculator?
When that Olympic building is finished, which HDTVs will they buy? Olevia, which is the official HDTV of the Olympics, or SONY, Sharp, etc.? If that building is part of the Olympic Village or a venue, it MUST be finished by August. They couldn't keep these units and pay for them? Bull*hit! China is booming, right?
These units are aging and worth less than they were when 'sold' to China. Now, they'll sell these units at a loss in the US, just to avoid a total loss. Thanks for nothing, China!
I like my Olevia unit, but this stock is not up to the same quality.
Can't this company do anything right, in the hottest TV decade since the 1950s? They couldn't even make the quarterly report that they scheduled themselves. Geez! :(
Woody |