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

To: Bobcat who wrote (1098)	11/5/1998 10:08:00 AM
From: Ron Bower	Read Replies (1) \| Respond to of 1418

Bobcat, I disagree. From Feb-Oct '97, Deswell sold in the 18.50-27.00 range, with dips below that due to factors not related to the company. Average price was around 10.5. From Mar-Jun '98, it wavered between 19-23. Current last 4Q EPS is 2.41. At 10.5 we would have an average price over 25. Because of a lingering anti-Asia sentiment towards stocks, I've projected a 22-25 trading range. I don't know if they can make $3.00 this fiscal year or not, but don't consider a projection of $2.75 to be out of line. If they make 2.75 or better, we'll definitely see a price over $30. JMHO, Ron