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

To: Ron Bower who wrote (910)	8/25/1998 12:29:00 PM
From: kolo55	Read Replies (1) \| Respond to of 1418

DII Group buys Chinese circuit board manufacturer. biz.yahoo.com Indications that smart money is flowing to China; but also a potential competitor. Paul

To: Ron Bower who wrote (910)	8/25/1998 1:17:00 PM
From: jmt	Respond to of 1418

Interesting discussion in Barrons this week concerning potential devaluation. - Many chinese companies are refusing to repatriate earnings. - Large outflows of capital ($30B)in first 7 months of year (reduction in official reserves) - China has significantly reduced its position in yen, expecting the currency to weaken further. - If yen weakens further, devaluation to remain competitive more likely. - Government targets production (GDP) growth at 8%. This translates into growing inventories (AKA Deswell) as demand declines due to competitive pricing. I hope the cash is in NY. jmt