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

To: Ron Bower who wrote (365)	1/13/1998 8:48:00 PM
From: David Seltzer	Read Replies (2) \| Respond to of 1418

Ron-Two warrants + $9.06 buys 1 common share.At today's warrant price you could purchase a common share for $17.81,a premium of $1.125 above today's closing price. Lets compare this to Nam Tai where 1 warrant + $20.40 or $23.52 buys 1 share of Ntaif's common.That represents a premium of $8.65 above Nam Tai's closing price of $14 7/8. Although the Deswell warrants expire in July of 2000 and the Ntaif warrants expire in November of 2000 it seems to me that the Ntaif warrants are overpriced. I could not resist buying the Deswell warrants at $4 or less. David