Deswell Industries (DSWL) Message Board

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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.390

-0.3%

Nov 7 9:30 AM EST

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To: Ron Bower who wrote (883)	8/10/1998 5:21:00 PM
From: Chris Nevil	Read Replies (1) of 1418

Ron, do you have any guess as to how much of the ballooning receivables might be attributable to Mita? When I spoke with the I.R. firm they really could not (yet) tell me too many specifics about what portion of revenues or receivables Mita comprises. The release doesn't show allowance for doubtful accounts, so I am left to wonder if there was any presumption of the Mita predicament in this statement. Mita is often the first customer listed in Deswell's releases -- this is clearly not a minor development. Suddenly the already-ravaged stock doesn't look like quite such a bargain here... Chris

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