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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.420+4.0%11:36 AM EST

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To: Michael Burry who wrote (1227)3/23/1999 4:51:00 PM
From: Ron Bower  Read Replies (1) of 1418
 
Mike,

Time to make a phone call? Your turn.

I've been wondering why they haven't been more aggressive buying back shares. I know they want to maintain a strong cash position, but buying in this range seems almost mandatory. 500K shares under $10.00 would reduce dilution by almost 10% and have minimal effect on cash liquidity. It also might make it possible for them to convert options if they have to sell half to pay for the rest. Surely they know it's down to this level.

JMHO,
Ron
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