Deswell Industries (DSWL) Message Board

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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.480

-0.9%

Nov 14 9:30 AM EST

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To: j rector who wrote (788)	6/5/1998 8:45:00 AM
From: Ron Bower	Read Replies (1) of 1418

j, I believe the Namtai sales were in $HK as were some other smaller accounts. Mita may be. As a percentage, the Namtai sales have declined but they've now added VTech (HK), so the end result would likely be the same percentage of sales in $HK. They've always stated that their sales are in $US or $HK and they keep cash in $US. It appears that they attempt to operate as if they are a US company (that's what they basically are with the NASDAQ listing). It would simplify costs and sales and eliminate hedging with the $HK peg to $US. Let's see. US listed company incorporated in the Virgin Islands with Samoan subsidiaries operating out of HK with manufacturing in China. Stockholders are in HK, US, and Germany. It's an International Conglomerate!! FWIW, Ron

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