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 3.390

-0.3%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ron Bower who wrote (853)	7/31/1998 10:18:00 AM
From: jmt	of 1418

Ron: >>>According to the Annual Report the primary currency is $HK. A devaluation of the Chinese yuan would lower their costs and devaluation of the $HK would effect cash assets.>>> I may need to go back to the books for this one. Functional currency for affiliate home country operations, Reporting currency for financials driven by main source of revenue and expense. But this does not mean revenues are in $HK. And the functional currency could be yuan, translated for the annual report into the reporting currency. I will be happy to try to get aa answer on this. I do not know if NY IR is close enough to operations for an answer. Any thoughts on who to contact. In reading ahead the person asks if assets are in US dollars. Great question. If I were Deswell and even suspected a currency issues, as close to 50% of the assets are cash, plant them in the US if there are no currency restrictions. Also what % of the receivables are in US dollars. A devaluation may not hurt if these conditions exist. Using the cash for dividends or share repurchase also would not be a bad idea. jmt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next