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To: Allen Furlan who wrote (4579)8/4/1998 12:09:00 AM
From: Ron Bower  Respond to of 78671
 
Allen,

No where near Deswell's factory, not related to or similar to Deswell in any way except that the Barrington handled both IPOs. The man was the CEO of a Chinese company (AEHCF) and a high ranking member of the Communist Party. The situation was due to mishandling by local authorities and has the attention of Beijing - and Washington.

Deswell is a NASDAQ Holding Company operating out of HK with facilities in China. Others with facilities in China include IBM, Motorola, Compaq, Chrysler, McDonalds, etc.

To those considering Deswell - they are having their problems due the Asia situation. I feel it to be an excellent company for long term, but there is risk short term. The earnings report will be out in a few days and will be an indicator of how well they are performing.

FWIW,
Ron