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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.390-0.3%Nov 7 9:30 AM EST

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To: j rector who wrote (899)8/11/1998 11:55:00 PM
From: Ron Bower  Read Replies (1) of 1418
 
j & John,

The only topic of discussion last night was Mita.

IMO the regular dividend can now be considered .50+.50 = $1.00 and 'special' will depend on the cash/earnings etc. at the end of the year. However, they pay dividends according to earnings. They intend to pay 25-35%, but it's been closer to 40% payout. I think the 25 cent 'special' was due to the amount of cash on hand.

j, Gives me confidence when Deswell becomes your largest holding as I know how confident you have to be to do it - Doubting Thomas -g- I was reading thru past posts and happened to see one of yours that started with "Just added to my position at $18.50. Didn't think I would ever buy that low again." Now we're at 12.1/8 and PE 5+ the day after an 18% earnings growth report. Go figure.

FWIW,
Ron
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