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

To: Ron Bower who wrote (1379)	3/28/2000 10:40:00 AM
From: Terrapin	Respond to of 1418

Hi Ron, Here's the latest: Tuesday March 28, 9:55 am Eastern Time Company Press Release Deswell Industries, Inc. Announces New Mold For GSM Mobile Phones HONG KONG--(BUSINESS WIRE)--March 28, 2000--Deswell Industries, Inc. (NASDAQ NM Symbol: DSWL - news) today announced that its plastic injection molding subsidiary, Jetcrown Industrial Ltd. has successfully developed a high precision mold for GSM mobile phones. The mold is currently in pilot phase and injection production is ready to commence once initial orders are placed by the customer. Mr. Richard Lau, Chief Executive Officer of Deswell, said, ``We are very excited to commence production of our first GSM mobile phone. This is a high-end, high margin product and few manufacturers can produce the precision tools and injection molding needed to deliver a quality product. Furthermore, we believe that our production cost is only about forty percent of our competitors.' Mr. Lau continued, ``The current worldwide demand for GSM mobile phones is about 500 million sets per year. We are enthusiastic about our entry into this growing market and hope to be a leading manufacturer in this industry.' Deswell manufactures injection-molded plastic parts and components and electronic products and subassemblies and metallic products for original equipment manufacturers (``OEMs') and contract manufacturers at its factories in the People's Republic of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount (``SMT'), and pin-through hole (``PHT') interconnection technologies; and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Kyocera Mita Industrial (H.K.) Limited, Epson Precision (H.K.) Ltd., Namtai Electronics (Shenzhen) Co. Ltd., Inter-Tel Incorporated, Vtech Communications Ltd., Behringer Holdings (Pte) Ltd. and Shakespeare (H.K.) Limited. To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com