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

To: Ron Bower who wrote (236)	11/12/1997 12:19:00 AM
From: Richard Barron	Respond to of 1418

Ron, All I have on VIP is a couple of earnings report and the fact that it was breaking out to new highs regularly before the October market spooked this and some others. I imagine 2 or 3 days with 100,000 shares or more should round out a bottom. It's worth 1/3 of a position now and every few months adding on if they can perform. I showed revenue and earnings growing strongly over last year, but the 2nd quarter was weaker than the first in profits. Revenues continued to grow, so maybe they had some startup expenses. They reported last around 8/27, so maybe they will report around 11/27. I have a # for a P.R. firm 1-212-688-6840 Johhn McInnenny(Spelling???) or Perry Hall I wouldn't accumulate on my recommendation without checking it out, but with Fidelity now having a 10% stake, that might interest someone for a stock with a P/E of 13 and a 50% revenue growth. Deswell was under accumulation for the first hour and after that it was a stalemate with the sellers. If volume stays up over 100,000 for a few more days, then it is likely the resistance will erode and the stock will run. The market in general looks pretty shakey with strong opens and then no gains, especially in the Nasdaq. Richard