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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.690-0.4%Nov 26 3:50 PM EST

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To: hkp who wrote (171)10/3/1997 9:29:00 AM
From: Ron Bower   of 1418
 
hkp,

I'm loaded up. Even sold off some other stock to buy more. There may not be movement until earnings come out.

Anytime I have something that's undervalued and sits or goes down, I am continually questioning my decision. I think I've gone over my Deswell notes a dozen times in the last 10 days.

Factors: They put the BIG new plastic stamping machine into operation mid May and expected it to be at full capacity 3Q. They added two circuit board machines in May, expecting full production in 3Q. Moved metal products division in May, full production 3Q. All of this was done to meet order demand, not speculative expansion.

Only one conclusion - much bigger 3Q.

I feel good, radadadadah,
Ron
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