Image too low on screen

SOURCE: Philips 46-inch Rear Projection with bowed image?? slight distortion

You have a convergence problem. Here are some of the most common symptoms. 

Screen looks 3D
One or more colors can't be adjusted when when using the convergence menu. 
Screen is bowed in but stationary.

Solution: 
You need to replace the convergence chips and convergence resistors. Check the site www.TvRepairKits.com. They have put together a kit for your exact model. The kit inlcludes a photo instruction guide, original Sanyo STK chips, convergence resistors, etc. Everything you need to fix it yourself. Its an easy fix. 

SOURCE: White areas on bottom of screen have blue above them.

Probable blue CRT convergence or clouded blue CRT.