Syntax-Brillian Update: Progress 2.0
September 20th, 2007 by 
James Cullen
I woke up to this email:
Dear James,
Vince will reach you. Pls email me back if you haven’t connected by Friday morning.
Respectively.
Hope
_________________________
Hope Frank
Chief Marketing Officer
Syntax-Brillian Corporation
And I was half hoping to pull a Dan Loeb and complain about management’s “inexplicable insouciance.”
See the first full update and consider adding questions you’d like me to ask Mr. Sollitto.
More information will be forthcoming…
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September 20th, 2007 at 9:12 am
[...] See the latest [...]
September 25th, 2007 at 6:17 pm
Hi James
Did they get any additional financing such as letters of credit or straight debt?
How are they going to finance the Vivitar brand and factory in Europe?
When is the 65 inch LCD going to be ready and how much?
Are they concnered about the stock being abused by Naked Shorts?
Thanks
John
September 25th, 2007 at 6:21 pm
It seems to me that growth is no issue, the issue is how is it going to be financed? It was said no stock issuance since the price is so low,
It was also stated that the new retailer is going to help finance you ? what terms do they have and how will this impact the margins
September 25th, 2007 at 6:56 pm
Have you considered selling off Vivitar.
September 25th, 2007 at 7:03 pm
Here’s some I think you might be able to get some answers for:
1. Are they planning to have an ongoing relationship with SCHOT?
2. With the renewed emphasis on domestic sales, how are they planning on meeting demand if they get the financing they need? Would they need more manufacturing here than just the Ontario plant?
3. What is the status of the Kolin plant in Czechoslovakia and the expected impact on European sales? Is there a timetable in place for rollout of the brand in Europe?
4. More information on the TECO relationship. In particular, when will the new plant be in operation and have there been any decisions made on where the TECO units will be sold?
September 25th, 2007 at 7:21 pm
ask them isnt it more beneficial margin wise and brand wise to divert product allocation from webstores and retailers that are not to focused primarily tvs (compusa office max, etc)and try and get a retailer thet size of Best Buy, cost co?
also have they ever considered putting themselves up for sale to private equity, competitors?
September 25th, 2007 at 7:26 pm
If a boatload of Olevia’s left China harbour going 50 knots and a truckload of Olevia’s left Ontario California going 55 miles per hour, both heading to Best Buy New York city how much shareholder value can you lose upon arrival to the store showroom Vince?
September 25th, 2007 at 7:30 pm
Will BBY make Vinny an offer he cannot refuse? Namely, PREPAYMENT on all orders?
Thanks for the forum.
Dino
September 25th, 2007 at 7:35 pm
Will BRLC do another stock offering before the end of the year?
The Aristocrats
September 25th, 2007 at 7:37 pm
Please comment on outstanding receivables with SCHOT. Please elaborate as to amount outstanding, days outstanding, and opinion as to whether all will be collected. What is the liklihood SCHOT will default on any payments and what effect will that have on company’s ability to operate.
September 25th, 2007 at 7:40 pm
Vince has let BRLC financing get a wee bit out of control.
Can BRLC finance the projected outrageous growth internally without BUSTing the bank?
September 25th, 2007 at 8:10 pm
Some have suggested that the rebate issue is suspicious and not in conformity with industry standards. Management has responded that everybody does rebates, but they are just more honest in their reporting/accounting. Question: Can the company supply any anecdotal evidence of the rebates provided to our competitors?
Thank you.
September 25th, 2007 at 8:45 pm
Why do they have to pay Kolin in advance for product, especially when Kolin has plenty of cash and line of credit?
September 25th, 2007 at 9:02 pm
Would it not be beneficial to shareholder value for Vince to step down considering the lack of credibility current management has on the street.
September 25th, 2007 at 9:58 pm
I don’t understand how they reduced revenue guidance after raising money from the secondary offering and collecting receivables from SCHOT. The only reasonable explanation I can come up with is that they are building up reserves (cash, inventory, and tooling) to support the big Dec quarter. It just doesn’t make sense to me. Clarification would be greatly appreciated. Likewise I don’t see that Vince adequately answered the question of where they were going to get the cash to support the big Dec revenue projection.
September 25th, 2007 at 10:03 pm
Also, when do they release new models. I think improved industrial design would really help them.
September 25th, 2007 at 11:04 pm
Why couldn’t Vince give Merrill Lynch’s analyst straight and firm answers on the revised 500M estimate rev. in 2Q FY, causing him to doubt the new estimate and down grade the stock?
Should Vince now confirm and give some credibilities for the new revised 2Q estimate?
Why can’t I find any Olevia LCOS TVs at Sear, Kmart, Circuit City, Target, or Office Depot stores?. They carry other LCOS brand though.
Why Circuit City does not show 42″ Olevia in store?
Will Teco (or Kolin) compete and reduce Olevia LCD sales in China? Or other way around?
September 26th, 2007 at 9:49 am
I am sure the Teco involvement is just the beginning of the BRLC
Asia/China Strategy. Is Teco (& Kolin for that matter) planning on ramping up Olevia branded TVs to sell in Asia/China/India.
Brand as an American TV (Olevia/Syntax brillian). The Asians
actually want to buy American goods.
Short term to capture the 2008 Beijing Olympics fever. Long term I think an interesting and (potentially) hugely profitable business plan.