Syntax-Brillian plunges 87% in pre-market on Chapter 11 filing, intention to sell Vivitar

Syntax-Brillian Corp. (Nasdaq:BRLC) is plummeting nearly 87% in pre-market trading today after the Tempe, Ariz.-based company announced early today it had filed for Chapter 11 bankruptcy protection and that it would sell Vivitar, its variety of still and video cameras. Syntax-Brillian makes and sells consumer electronics. The company has been fraught with problems during the past year, including poor sales and accounting woes.

Ahead of the opening bell today, Syntax-Brillian is trading at $0.06, down $0.40 from Monday’s close. The company’s stock is down 85% since January.

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