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

To: jmt who wrote (1186)	2/3/1999 1:37:00 AM
From: Ron Bower	Read Replies (2) \| Respond to of 1418

$30M plus.The expenditure us less than depreciation for a Q. Plenty left for dividend payout. Mr. Richard Lau, Chief Executive Officer of Deswell, said, "Despite the less than favorable economic environment, we continue to upgrade our machinery to fulfill the needs of customers, as well as to improve Deswell's efficiency and competitiveness in the marketplace." "fulfill the needs of customers" IMO Deswell must adapt to the 'just in time' production format. In this economy, customers are not wanting large inventories. This means lower quantity orders with short lead times and 'production on demand'. Very few companies can supply on this basis. "improve Deswell's efficiency and competitiveness" The machines will lower costs and provide quick production capability that the competition can't match unless they buy similar machines. Few have the capital available. This will also allow Deswell to work with smaller companies and expand the customer base. All my opinion only. Deswell's management continues to impress with their ability to adapt and continue growth. JMHO, Ron