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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.855-5.0%12:47 PM EST

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To: Shane M who wrote (775)6/1/1998 12:22:00 AM
From: Ron Bower  Read Replies (1) of 1418
 
Thread,

It has bothered me that the report gave no indicator of current activities. THere has always been something. There was and I missed it in earlier reads. It wasn't in Lau's comments where I expected it, but in the part detailing the 4th Quarter activities. Pay particular attention to the last sentence.

"The increase in net sales from plastic operations was attributed
to the continuing increase in orders from our existing customers. The
substantial increase in metallic sales was a result of the Company's
efforts in strengthening its metallic operation during the year though
it accounted for less than 10% of overall revenue. The decrease in
sales of electronic products in this quarter was mainly due to the
increases in shipments in the quarter ended December 31, 1997 to meet
customers seasonal requirements and to avoid the production lag period
during the Lunar New Year holidays in January and February 1998. Moreover, the Company continues to generate higher volume demand from its customers this year as a result of the Company's continuous efforts to produce high quality products."

FWIW,
Ron

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