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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: Ron Bower who wrote (186)10/13/1997 12:06:00 PM
From: j rector   of 1418
 
>>I saw Namtai selling around 18 PE full dilution after the offering, yet DSWLF is just a
little over 10.

Ron,

I think your #'s are right, but NTAIF will have over $12/share
in cash, too. Converted to earnings, and you'll be right back down
at DSWLF's PE. Also, if they buy DSWLF, expect substantial
margin improvement.

Good question re DSWLF interest--but why would Koo file, and
then retract filing 2 weeks later? Not all the things that
NTAIF do make alot of sense.
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