Quick Take: Syntax-Brillian Makes an Unusual Move (BRLC)

Quick Take: Syntax-Brillian Makes an Unusual Move

Flatscreen-TV maker Syntax-Brillian (Nasdaq: BRLC ) was supposed to report earnings yesterday, but it decided to hold off for a while. A round of unexpected financial restatements is cramping the company's style.

S-B had shipped a whole lot of TVs to the Chinese Olympic Committee, but it needed about 27,000 more sets in North America than it had planned. So Syntax spent $99 million to buy back and redirect a bushel of big-screens, and it's now trying to figure out how to account for that move.

It just won't do to disappoint newly signed distributors Target (NYSE: TGT ) , Sears (Nasdaq: SHLD ) , and Circuit City (NYSE: CC ) before the Presidents' Day weekend sales, even if that means taking unusual steps when the stock is in danger of delisting.

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