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 (910)	8/25/1998 1:17:00 PM
From: jmt	of 1418

Interesting discussion in Barrons this week concerning potential devaluation. - Many chinese companies are refusing to repatriate earnings. - Large outflows of capital ($30B)in first 7 months of year (reduction in official reserves) - China has significantly reduced its position in yen, expecting the currency to weaken further. - If yen weakens further, devaluation to remain competitive more likely. - Government targets production (GDP) growth at 8%. This translates into growing inventories (AKA Deswell) as demand declines due to competitive pricing. I hope the cash is in NY. jmt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next