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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: Ron Bower who wrote (963)	9/4/1998 8:33:00 AM
From: jmt	Read Replies (1) of 1418

Ron: I am not sure where you currently stand on currencies, but the current concensus is the the Yuan and HK Dollar will devalue in the fourth quarter. The posturing of China is in refuting this is to be expected (they cannot do otherwise). Some of the research I have recently reviewed further states that China's theoretical hammer, the huge foreign currency reserves, are not as large as China would like the world to believe. And of course there is no way of confirming this. If I understand you correctly, you stated an expectation on a declining Dollar. I would strongly disagree. Demand for Dollars is at an all time high, as reflected in the money flowing to the US Treasury market (Long bond could pierce 5%). On another note, how much can the plastic be worth in a $39 VTech phone? I question the quality of the phone with the pricing at these levels. Anybody own one? jmt

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