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Technology Stocks : Deswell Industries (DSWL) -- Ignore unavailable to you. Want to Upgrade?

To: Count de Monie who wrote (1317)	8/30/1999 10:48:00 AM
From: Ron Bower	Respond to of 1418

Count,OT I was hoping someone would give you an answer because I think I might be interested in CMDC. Analysts have dumped on the entire sector, but it looks like a growth business to me. There seems to be some concerns that the shareholders will lose out if the company goes private, but selling at BV when they're showing very good rev and earnings growth doesn't seem right. I spent a few minutes looking at it and didn't find any downside at it's current price, but I feel there has to be something I missed. Plan to go more into it. FWIW, Ron

To: Count de Monie who wrote (1317)	9/1/1999 8:26:00 AM
From: Ron Bower	Respond to of 1418

Count, Seems SI has decided to make our last two posts disappear. OK with me as I didn't like my last post much. Did some thinking on Deswell last night. Their biggest problem in the last two years has been a decline in demand from customers and currency devaluations, particularly the Japanese yen. When the yen fell to 180 or so on the $US, Deswell found it hard to compete. The yen is now in the 110 range - above it's value before the crisis began. Thru VTech, Jetcrown has entered the mobile phone market that's supposed to continue high growth. (Most of the new equipment is for this market) Namtai is growing revs, Mita appears to be recovering, and they apparently have a major new customer. With the stronger yen, Kwanasia should be able improve circuit board sales and hopefully find some new customers, but Deswell can show growth with Kwanasia at break even. IMO - Last Q was .39. If they equal last year's 2nd Q, they should beat last year in the 3rd and 4th resulting in a fiscal year above $2.00. JMHO, Ron

To: Count de Monie who wrote (1317)	9/2/1999 11:03:00 PM
From: William G. Foley	Read Replies (1) \| Respond to of 1418

Regarding CMDC, here's a look at the recent brokerage recommendations /changes. My understanding is that 12 firms follow the stock currently. 10-Aug-99 Dain Rauscher Wessels Downgrade Buy --> Neutral 08-Jul-99 Legg Mason Downgrade Buy --> Outperform 17-Jun-99 Southwest Sec Initiated --> Buy 10-Jun-99 Banc of America Sec Downgrade Buy --> Hold 27-May-99 JP Morgan Downgrade LT Buy --> Mkt Perform I think there is fear in the assisted care market that the government will 'regulate' and impact business. [On the other hand, the funeral home industry is reporting lower than expected growth :-) ] good luck