News Focus
News Focus
icon url

OldPro

02/11/08 7:05 AM

#81 RE: OldPro #80

from the PR it looks like they...

had huge sales that look like they far exceeded forecast of only around 450,000 (if remember right) - but still having problems collecting from SCHOT - who apparently sold the TVs but hasn't delivered them to the purchaser and collected payment for them yet. Inventory repurchase seems very small - just around 26,800 units of hundreds of thousands shipped and sold (i.e., 250,000 shipped to North America in December alone and 390,000 sold in China in 4th Q - if reading that right.) So 26,800 seems to be a tiny repurchase in order to make such a big impact to finances - no-brainer.

Hard to determine the impact of this - delay never good but number of TVs sold is big and appear to have at least shored up the balance sheet.
icon url

4Godnwv

02/11/08 9:54 AM

#83 RE: OldPro #80

bummer - I'm gonna hold and see what happens - this is a roll of the dice for me anyway - they are definitely selling the Bejesus out of it this morning.

still...what do insiders know?