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

To: Richard Barron who wrote (241)	11/13/1997 11:42:00 PM
From: Ron Bower	Read Replies (2) \| Respond to of 1418

Richard, (& Paul) Spent the evening on VIP. I'm not interested but I've built a file and it's worth a look each quarter. Creative bookkeeping, unaudited reports, basically flat revs over last 3 Qs in spite of 30% increase in subscriber base, consistent gross margin with major variations in net. Administrative and sales expenses have wide variations unrelated to subscriber growth, revs, or any other factor except earnings. I question the accuracy of the reports. They are vague and more hype than reliable information. IMO -The next Q EPS for VIP will be flat to lower than a year ago. This weekend I will be reviewing INVN. Premier company in explosives detection equipment for airports and other areas subject to terrorism. Been showing losses but now profitable with backorders exceeding last 9 months sales by 20%. Has fallen from 16 to 8.5 for no apparent reason. Please take a look at it if you have time. I quit worrying about the price of Deswell. Every other company I look at falls way short in comparison and I'm having a hard time not putting every investment dollar in it at the current prices. For that matter, I almost have. My only other holding of any size is JWC. They will have a very big 4Q. They just picked up $4.2M cash in their AGRO acquisition and are putting it in this market. For what it's worth, Ron Paul, You paid me a far bigger compliment than I've earned. It's an undeserved honor to be included on a list with Richard, Mike, & David. I just glad you all (& Paul S.) tolerate my lack of knowledge.

To: Richard Barron who wrote (241)	11/18/1997 3:35:00 PM
From: j rector	Read Replies (1) \| Respond to of 1418

Richard, >>Deswell should vastly outperform the market when the rebound occurs due to strong earnings and revenue acceleration, unless someone knows that their business is falling through the floor. I know that DSWLF sells to alot of HK companies--I would guess that this is a large reason for the drop in share price. However, I think the buisness for most of DSWLF's customers will increase as a result of the Asian currency problems. Is there anything else I'm missing like exposure to real estate, etc?