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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.660-0.9%11:27 AM EST
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To: Ron Bower who wrote (259)11/21/1997 10:48:00 AM
From: Steven Yang  Read Replies (1) of 1418
 
Ron,

Per DSWLF's annual report, the sale of its plastic modeling busiess is in HK dollar, and the sale of its electronic assembly business is in US dollar. If you account for the minority interest in the electronic assembly business, 75% is roughly the exposure of DSWLF's sale in HK dollar.

Steven

ps: I think that the chance of a devaluation in HK dollar is quite small.
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