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

To: Richard Barron who wrote (509)	2/26/1998 1:12:00 AM
From: j rector	Respond to of 1418

I don't have alot (a few K shares) but I recently was informed that I had more than .1% of the float by my broker who got a call from someone in NY asking if I was an insider. Therefore I agree Richard, the float is between 600 and 900 K and we have traded 50% in the last three days.

To: Richard Barron who wrote (509)	2/26/1998 8:34:00 AM
From: kolo55	Respond to of 1418

Last night Asian markets all closed up. First time I've seen that in a long time. Hang Seng closed above 11,000 for the first time in a long while. If we continue to see strengthening in Asia, the perceived 'Asian flu' impact on Deswell will be corrected. I am happy to sit on my position here. Things are starting to go our way. Isn't amazing how how bad events seem to happen in bunches, and then be followed by a whole series of good events? Paul

To: Richard Barron who wrote (509)	2/26/1998 11:24:00 AM
From: Ron Bower	Read Replies (1) \| Respond to of 1418

Richard, From conversation with Mr. Lau, the Insiders hold a majority and will continue to hold it. They will not be using stock for acquisitions. They are issuing some options to Insiders but it's small considering the dilution. Since IPO they have put out 250K. The Insiders exercised and sold 125K to get the money to pay the company, so Insider holdings stayed at slightly over 50% and the company added cash. What I have come up with - Paul or David posted that Behringer has around 1M shares. Figuring Insiders at 2.75 leaves around 2.6M less Behringer and Fund holdings of 350K, we would now have around 1.25M in the public float. Full dilution on the report is 5.480, but part of this is unexercised stock options. The old float has been increased by the warrants being called. Someone correct me if I'm wrong. j - Don't doubt your post, just think your broker was using old information. Does anyone know if there was a single buyer picking up large lots yesterday? Volume took a big jump late morning thru early afternoon. The Bid was never higher than 1K that I saw but shares were being gobbled up fast near the 20 level. Back to low volume this morning. Have the feeling there's major support at 20 that may decide to jump in again if they see another build up of sell orders. Trying to fill a position without upsetting the price? For what it's worth, Ron