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

To: Ron Bower who wrote (768)	5/29/1998 9:34:00 AM
From: Beachside Bill	Respond to of 1418

I may be over optimistic but I don't think so. Will take profits just below 40, wait for retracement and buy back to put a head on this thing.

To: Ron Bower who wrote (768)	5/30/1998 12:55:00 AM
From: Shane M	Read Replies (1) \| Respond to of 1418

Ron and Paul, Thanks. Based on thread input I will lower top line growth going forward and reign in share dilution somewhat. Ron, regarding book value trend: The book value growth is tied to sales/share growth in the model. Over the past couple years Deswell's book value has grown more or less in line with sales/share growth, so I let that be the driver. The growth in bvps is something I've only recently begun doing because it was outlined in the "Buffettology" book. IMO it's a good check to make sure earnings expectations are not out of the ball park with relation to what ROE can be achieved. Still looking for $28 within the year. The adjustments in share dilution and sales growth became: DSWLF 2000 1999 1998 sales 112.3 88.8 66.2 shares 5.9 5.6 5.0 SPS 19.03 15.86 13.22 SPS chg % 20 20 36.6 producing dilute eps npm 3.59 3.05 2.42 Shane