BEHIND THE NEWS: Ex-devotee of Brightpoint now on other side of table
Durham, who bet big on Brightpoint when it was near financial ruin, now is part of a group that is among the largest shareholders in Texas-based Cellstar Corp., a rival wireless phone distributor buffeted by nearly $200 million in losses from 2002 through 2005. In December, Cellstar announced plans to liquidate, with Brightpoint Inc. acquiring the bulk of its business-its U.S. and Latin American operations-for $88 million. Analysts say it’s a savvy deal for Brightpoint, which picks up $450 million…