Deswell Industries (DSWL) Message Board

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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.400

-0.3%

Nov 6 3:58 PM EST

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To: mod who wrote (1041)	10/13/1998 9:55:00 PM
From: Dick Jaffe	Read Replies (1) of 1418

I hate to rain on this thread's parade, but wasn't Mita one of Deswell's principal customers? I heard a report on the news today that Mita was bankrupt and was under investigation by the Japanese government for falsifying their financial reports and paying out dividends from nonexistent profits. Mita's president has resigned. Could it be that there is a substantial account receivable from Mita on this company's books that may not be paid? Wouldn't this scenario account for the recent weakness in the stock? Lots of questions that need answers. Until they are forthcoming, I wouldn't hold much hope for the continuation of the Deswell dividend.

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