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Technology Stocks : Brillian Corporation

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To: Tom Caruthers who wrote (317)	2/22/2008 1:20:22 AM
From: Tom Caruthers	Read Replies (2) of 361

This update from the other day sheds some light on what they are doing to try to improve cash flow and decrease AR from SCHOT and their other Chinese distributors. Put into the context of today's SEC filing, it makes more sense... biz.yahoo.com The company recently received indications that due to a delay in the build out of the 2008 Beijing Olympic facilities, a large number of LCD TVs already sold through the company’s distributors in China had not been deployed. As a result, Syntax-Brillian initiated negotiations to repurchase the LCD TVs for redistribution primarily into the North American retail channel. The inventory repurchase reduces accounts receivable from our customers in China by $99 million bringing the remaining balance to approximately $63 million, of which $48 million is due from South China House of Technology (“SCHOT”) and $15 million is due from Olevia Far East. In the December quarter, total units shipped was approximately 252,000 which were shipped to North America and royalty revenue collected from China sales through Olevia Far East was approximately $3.2 million on unit volume of approximately 390,000. The inventory repurchase was approximately 26,800 units. ***** I still don't see how this reduces AR by $99M by taking back 26,800 sets.

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