Deswell Industries (DSWL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Deswell Industries (DSWL)

DSWL 3.290

-4.2%

Nov 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Count de Monie who wrote (1317)	9/1/1999 8:26:00 AM
From: Ron Bower	of 1418

Count, Seems SI has decided to make our last two posts disappear. OK with me as I didn't like my last post much. Did some thinking on Deswell last night. Their biggest problem in the last two years has been a decline in demand from customers and currency devaluations, particularly the Japanese yen. When the yen fell to 180 or so on the $US, Deswell found it hard to compete. The yen is now in the 110 range - above it's value before the crisis began. Thru VTech, Jetcrown has entered the mobile phone market that's supposed to continue high growth. (Most of the new equipment is for this market) Namtai is growing revs, Mita appears to be recovering, and they apparently have a major new customer. With the stronger yen, Kwanasia should be able improve circuit board sales and hopefully find some new customers, but Deswell can show growth with Kwanasia at break even. IMO - Last Q was .39. If they equal last year's 2nd Q, they should beat last year in the 3rd and 4th resulting in a fiscal year above $2.00. JMHO, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next