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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.630-1.6%12:53 PM EST
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To: David Seltzer who wrote (656)4/16/1998 1:24:00 PM
From: Ron Bower  Read Replies (2) of 1418
 
David,

Just reading yesterday that China is considering new tax breaks on exporting manufacturers to offset currency devaluations of other Asian countries. They feel the lower tax revs would be more than offset by the continued stream of monies into China. I believe we'll see this before we would see a devaluing of the Rmb.

Ron
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