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

To: kolo55 who wrote (723)	5/8/1998 12:46:00 PM
From: William	Respond to of 1418

Last quarter earnings were released on Feb.20.

To: kolo55 who wrote (723)	5/9/1998 1:15:00 AM
From: Richard Barron	Read Replies (1) \| Respond to of 1418

Paul, I show 5/28/96 and 6/2/97 as the earnings release dates for the last 2 fiscal years. Mr. Nesbett can probably give a more precise answer if called around the 22nd of May. Richard

To: kolo55 who wrote (723)	5/9/1998 12:49:00 PM
From: Ron Bower	Read Replies (1) \| Respond to of 1418

Some comments on HK/China Not in my last post was that China's exports to Europe grew over 33% in the 1st Q. Chinese companies doing business primarily with Asian companies or in computer related sectors have seen declines. (NTAIF?) A high percentage of Taiwan's exports are computer related and they saw overall 1Q exports decline over 7% in spite of a 20% currency devaluation. The Chinese government seems to be acting on two philosophies: 1) support well managed, profitable, growing businesses, 2) exports are the key to improving the economy. The export surplus in the 1Q was a little over $US40B. This represents about $38 for every person in China, over a weeks pay for Chinese workers. The benefits are obvious as this monies circulates thru their economy. For this reason, new programs are being discussed to further aid well managed and profitable export industries in the form of additional tax incentives and manufacturing facilities. On a national scale, they have adopted policies of many US Cities and States: aid the businesses that bring monies into the community and tax monies result from the improved economy. China does not have a totally free market society when it comes to exports. As I understand it, a company must get approval to manufacturer certain products for export. The governments's goal is for Chinese companies to compete against foreign companies, but not against each other. (If Chrysler is exporting a mini-van, Ford cannot) Preferential treatment is given to growth companies with a proven record of profits. All of this bodes well for companies like Deswell. For what it's worth, Ron

To: kolo55 who wrote (723)	5/13/1998 5:46:00 PM
From: Ron Bower	Respond to of 1418

Paul, Trailing behind you is a large group of analysts just now beginning to recognize the strength of the ECM sector with upgrades on almost every company. However, Deswell continues to be ignored. It will be very interesting to see what happens when they do discover it. Also interesting - one sector of the Taiwan market that had been ignored but has been showing shown strength recently - plastics. Also starting to recover is non-computer electronics. What was it - over a year ago that you made your writeup about the future strength of the ECMs? Deswell continues to sell at a huge discount, but the sector is being recognized and it may not continue much longer. Sector companies showing performance much worse than Deswell are selling at 15-30x earnings and going up due to analysts recommendations. Let's see, Deswell is paying a dividend, growing earnings at 40%, and has a trailing EPS of $2.33.... Thanks again, Ron