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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.305

-3.8%

10:42 AM EST

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To: Ron Bower who wrote (1344)	2/12/2000 11:00:00 AM
From: Ron Bower	Read Replies (1) of 1418

Been on vacation and just now getting time to review events of last three weeks. Came across this synopsis of an article about VTech. 20 January, 2000 VTech buys Lucent arms in US expansion drive VTech Holdings plans to pay US$113.32 million for a number of loss-sustaining consumer-product units of Lucent Technologies in a move to penetrate further into the United States. -------------------------------------------------------------------------------- VTech was looking to buy Lucent's cell phone division that was losing money but the price for the whole package was too high. I don't have the full article (looking for it), but I think they may have bought some production rights and a contract to supply Lucent. Not much doubt it means increased production for VTech in HK and this should mean additional business for Jetcrown. FWIW, Ron

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