Deswell Industries, Inc. (DSWL) - 500 Beiträge pro Seite
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ISIN: VG2506391011 · WKN: 902409 · Symbol: DW2
2,1600
EUR
+1,89 %
+0,0400 EUR
Letzter Kurs 08:01:12 Frankfurt
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26.02.24 · Business Wire (engl.) |
17.11.23 · Business Wire (engl.) |
28.09.23 · Business Wire (engl.) |
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20.06.23 · Business Wire (engl.) |
Werte aus der Branche Verpackungsindustrie
Wertpapier | Kurs | Perf. % |
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9,4500 | +10,01 | |
194,80 | +7,30 | |
206,35 | +6,17 | |
147,00 | +5,00 | |
33,03 | +4,99 |
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9.400,00 | -7,84 | |
119,95 | -7,91 | |
1,4200 | -14,46 | |
16,900 | -20,66 | |
129,65 | -30,01 |
Profile:Deswell Industries, Inc. manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. It produces various plastic parts and components that are used in the manufacture of consumer and industrial products, such as film injection, integrated injection, and insert injection. The company's plastic products include cases and key tops for personal organizers and remote controls; cases for flashlights, telephones, paging machines, projectors, and alarm clocks; grips and rods for fishing tackle; toner cartridges and cases for photocopy and printing machines; parts for electrical products, such as air-conditioning and ventilators; parts for audio equipment; double injection caps and baby products; laser key caps; and automobile components. Its electronic products include printed circuit board assemblies using surface mount, ball grip assembly, and pin-through-hole interconnection technologies; finished products that include business communication products, such as digital phone systems, digital keysets, and voice over IP; and professional audio equipment, including digital audio workstation, digital or analogue mixing consoles, instrument amplifiers, signal processors, firewire/USB audio interfaces, and keyboard controllers and synthesizers. The company also offers metal products include metallic molds and accessory parts used in audio equipment, telephones, copying machines, pay telephones, multimedia stations, and automatic teller machines. Deswell industries offers its products in the United States, Hong Kong, Japan, Germany, the United Kingdom, France, Italy, and the People's Republic of China. The company was founded in 1987 and is Macau, the People's Republic of China.
http://www.deswell.com/
http://www.deswell.com/
Deswell Industries, Inc. Announces First Quarter Results
Friday August 17, 12:43 pm ET
- 21.3% Increase in Net Sales in First Quarter
- Company also Announces First Quarter Dividend of $0.17 Per Share
MACAO--(BUSINESS WIRE)--Deswell Industries, Inc. (Nasdaq: DSWL - News) today announced its financial results for the fiscal first quarter ended June 30, 2007.
Deswell reported net sales for the first quarter ended June 30, 2007 of $38.5 million, compared to $31.7 million for the first quarter 2006, an increase of 21.3%. Operating income totaled $3.3 million, compared to $3.9 million for the same quarter in 2006, a decrease of 14.5%. Net income for the quarter decreased 8.6% to $3.1 million from $3.4 million in the year-ago quarter. Basic and diluted net income per share for the quarter decreased to $0.21 and $0.21, respectively (based on 15,058,000 and 15,163,000 weighted average shares outstanding, respectively), compared to $0.23 and $0.23, respectively (based on 14,924,000 and 14,955,000 weighted average shares outstanding, respectively), for the comparable period in 2006.
Total gross margin decreased to 17.6% in the quarter ended June 30, 2007 from 26.7% in the same quarter last year. Gross profit in the plastic segment decreased to 26.5% of net sales for the quarter ended June 30, 2007 compared to 31.7% of net sales for the year-ago quarter. The decreased gross margin was mainly due to the combination of a change in customer and product mix as compared with last year's quarter, an increase in labor rate of 21% and increased overhead cost of 3.6% of net sales as compared with year-ago quarter due to an approximately 5.8% appreciation in Chinese renminbi currency since the year-ago quarter.
Gross profit in the electronic and metallic segment decreased to 12.5% of net sales for the quarter ended June 30, 2007 compared to 22.2% of net sales for the year-ago quarter. The decrease was mainly attributable to the combined effect of a 7.5% increase in material cost as a percentage of sales, a stock provision of $500,000 in the quarter as a result of two customers pushing-out orders, the increase in value added tax cost as a result of the change in value added tax policy by the government of People's Republic of China for different categories of export products in this quarter, an approximately 5.8% appreciation in Chinese renminbi currency since the year-ago quarter, and an increased labor rate of approximately 45% in the quarter as compared with the year-ago quarter.
The Company's balance sheet remains strong, with cash and cash equivalents for the quarter totaling $23.4 million, compared to $24.5 million on March 31, 2007. Working capital totaled $62.4 million as of June 30, 2007, versus $58.7 million as of March 31, 2007. The Company has no long-term or short-term borrowings.
Mr. Franki Tse, chief executive officer, commented, "Revenues increased primarily as a result of the 45% growth at our electronics division which continues to build its position as a premier manufacturer of audio equipment. This growth was offset by a 6% decrease in sales in our plastics division as some customers delayed product introductions. Even though business grew at more than 20 percent, margins continue to primarily be impacted by various forces, such as tax rates and labor rates, that are making it more expensive to do business in China. To overcome these cost pressures and market challenges, we are cutting costs while increasing our focus on attracting new customers and building up a new R&D team. This new R&D team will focus on developing new concepts and products, with better margin, and providing more comprehensive product solutions. We look forward to presenting these new concepts and products to our customers over time in order to establish an even closer business relationship. In summary, we remain strategically focused on offering customers the higher value, and hence higher margin plastic parts and electronic assembly while maximizing efficiencies across our business."
First-Quarter Dividends
The Company also announced that on August 14, 2007 its board of directors declared a dividend of $0.17 per share for the fiscal first quarter 2007. The dividend will be payable on September 12, 2007 to shareholders of record as of August 31, 2007.
About Deswell
Deswell manufactures injection-molded plastic parts and components, electronic products and subassemblies, and metallic products for original equipment manufacturers ("OEMs") and contract manufacturers at its factories in the People's Republic of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount ("SMT") and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Digidesign Inc., Vtech Telecommunications Ltd., Epson Precision (H.K.) Ltd., Inter-Tel Incorporated, Line 6 Manufacturing and Peavey Electronics Corporation.
To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com.
Forward-Looking Statements
Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. For example, our statements regarding our expected growth in sales from the electronic and metallic division in the coming year and our efforts to reduce overhead costs in our plastic division are forward-looking statements. Actual results could differ materially because of the following factors, among others, which may cause revenues and income to fall short of anticipated levels or our overhead expenses to increase: our dependence on a few major customers; vigorous competition forcing product price reductions or discounts; the timing and amount of significant orders from our relatively few significant customers; continuing increases in resin prices that cannot be passed on to customers; unexpected production delays; obsolete inventory or product returns; losses resulting from fraudulent activity of our customers or employees; labor shortages that increase labor and costs; changes in the mix of product products we manufacture and sell; adverse currency fluctuations in the renminbi and Hong Kong dollar when translated to US dollars; potential new accounting pronouncements; and the effects of travel restrictions and quarantines associated with major health problems, such as the Severe Acute Respiratory Syndrome, on general economic activity.
For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of Company's Annual Report on Form 20-F, copies of which may be obtained from the Website maintained by the Securities and Exchange Commission at http://www.sec.gov.
All information in this release is made as of the date of this press release. Deswell undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Deswell's expectations.
DESWELL INDUSTRIES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(U.S. dollars in thousands, except per share data)
Quarter ended
June 30,
2007 2006
--------- ---------
Net sales $ 38,452 $ 31,689
Cost of sales 31,690 23,243
--------- ---------
Gross profit 6,762 8,446
Selling, general and administrative
expenses 4,468 4,666
Other income(expenses), net 1,010 86
--------- ---------
Operating income 3,304 3,866
Interest expense - -
Other income, net 235 101
--------- ---------
Income before income taxes 3,539 3,967
Income taxes 198 151
--------- ---------
Income before minority interests 3,341 3,816
Minority interests 230 413
--------- ---------
Net income $ 3,111 $ 3,403
Other comprehensive income
Foreign currency translation
adjustment 170 710
--------- ---------
Comprehensive income 3,281 4,113
========= =========
Net income per share (note 3)
Basic:
Net income per share $ 0.21 $ 0.23
========= =========
Weighted average common shares
outstanding (in thousands) 15,058 14,924
========= =========
Diluted:
Net income per share (note 3) $ 0.21 $ 0.23
========= =========
Weighted average common shares
outstanding (in thousands) 15,163 14,955
========= =========
DESWELL INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEET
(U.S. dollars in thousands)
June 30, March 31,
2007 2007
--------- ---------
(Unaudited) (Audited)
ASSETS
Current assets:
Cash and cash equivalents $ 23,445 $ 24,549
Restricted cash - -
Marketable securities 179 107
Accounts receivable, net 26,357 21,063
Inventories 29,489 29,495
Prepaid expenses and other
current assets 7,031 4,999
Income taxes receivable - 130
--------- ---------
Total current assets 86,501 80,343
Property, plant and equipment - net 60,793 60,157
Goodwill 707 710
--------- ---------
Total assets $ 148,001 $ 141,210
========= =========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 17,255 $ 15,865
Customer deposits and accrued
expenses 6,037 5,035
Income taxes payable 514 450
Deferred income taxes liability 320 321
--------- ---------
Total current liabilities 24,126 21,671
--------- ---------
Minority interests 8,072 7,884
--------- ---------
Shareholders' equity
Common stock
- authorized 30,000,000 shares;
issued and outstanding
15,143,730 shares at June 30,
2007 and 15,038,730 at
March 31, 2007 43,432 42,393
Additional paid-in capital 7,429 7,601
Accumulated other comprehensive
income 1,276 1,106
Retained earnings 63,666 60,555
--------- ---------
Total shareholders' equity 115,803 111,655
--------- ---------
Total liabilities and
shareholders' equity $ 148,001 $ 141,210
========= =========
Contact:
Institutional Marketing Services (IMS)
John G. Nesbett, 203-972-9200
jnesbett@institutionalms.com
--------------------------------------------------------------------------------
Source: Deswell Industries, Inc.
Friday August 17, 12:43 pm ET
- 21.3% Increase in Net Sales in First Quarter
- Company also Announces First Quarter Dividend of $0.17 Per Share
MACAO--(BUSINESS WIRE)--Deswell Industries, Inc. (Nasdaq: DSWL - News) today announced its financial results for the fiscal first quarter ended June 30, 2007.
Deswell reported net sales for the first quarter ended June 30, 2007 of $38.5 million, compared to $31.7 million for the first quarter 2006, an increase of 21.3%. Operating income totaled $3.3 million, compared to $3.9 million for the same quarter in 2006, a decrease of 14.5%. Net income for the quarter decreased 8.6% to $3.1 million from $3.4 million in the year-ago quarter. Basic and diluted net income per share for the quarter decreased to $0.21 and $0.21, respectively (based on 15,058,000 and 15,163,000 weighted average shares outstanding, respectively), compared to $0.23 and $0.23, respectively (based on 14,924,000 and 14,955,000 weighted average shares outstanding, respectively), for the comparable period in 2006.
Total gross margin decreased to 17.6% in the quarter ended June 30, 2007 from 26.7% in the same quarter last year. Gross profit in the plastic segment decreased to 26.5% of net sales for the quarter ended June 30, 2007 compared to 31.7% of net sales for the year-ago quarter. The decreased gross margin was mainly due to the combination of a change in customer and product mix as compared with last year's quarter, an increase in labor rate of 21% and increased overhead cost of 3.6% of net sales as compared with year-ago quarter due to an approximately 5.8% appreciation in Chinese renminbi currency since the year-ago quarter.
Gross profit in the electronic and metallic segment decreased to 12.5% of net sales for the quarter ended June 30, 2007 compared to 22.2% of net sales for the year-ago quarter. The decrease was mainly attributable to the combined effect of a 7.5% increase in material cost as a percentage of sales, a stock provision of $500,000 in the quarter as a result of two customers pushing-out orders, the increase in value added tax cost as a result of the change in value added tax policy by the government of People's Republic of China for different categories of export products in this quarter, an approximately 5.8% appreciation in Chinese renminbi currency since the year-ago quarter, and an increased labor rate of approximately 45% in the quarter as compared with the year-ago quarter.
The Company's balance sheet remains strong, with cash and cash equivalents for the quarter totaling $23.4 million, compared to $24.5 million on March 31, 2007. Working capital totaled $62.4 million as of June 30, 2007, versus $58.7 million as of March 31, 2007. The Company has no long-term or short-term borrowings.
Mr. Franki Tse, chief executive officer, commented, "Revenues increased primarily as a result of the 45% growth at our electronics division which continues to build its position as a premier manufacturer of audio equipment. This growth was offset by a 6% decrease in sales in our plastics division as some customers delayed product introductions. Even though business grew at more than 20 percent, margins continue to primarily be impacted by various forces, such as tax rates and labor rates, that are making it more expensive to do business in China. To overcome these cost pressures and market challenges, we are cutting costs while increasing our focus on attracting new customers and building up a new R&D team. This new R&D team will focus on developing new concepts and products, with better margin, and providing more comprehensive product solutions. We look forward to presenting these new concepts and products to our customers over time in order to establish an even closer business relationship. In summary, we remain strategically focused on offering customers the higher value, and hence higher margin plastic parts and electronic assembly while maximizing efficiencies across our business."
First-Quarter Dividends
The Company also announced that on August 14, 2007 its board of directors declared a dividend of $0.17 per share for the fiscal first quarter 2007. The dividend will be payable on September 12, 2007 to shareholders of record as of August 31, 2007.
About Deswell
Deswell manufactures injection-molded plastic parts and components, electronic products and subassemblies, and metallic products for original equipment manufacturers ("OEMs") and contract manufacturers at its factories in the People's Republic of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount ("SMT") and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Digidesign Inc., Vtech Telecommunications Ltd., Epson Precision (H.K.) Ltd., Inter-Tel Incorporated, Line 6 Manufacturing and Peavey Electronics Corporation.
To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com.
Forward-Looking Statements
Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. For example, our statements regarding our expected growth in sales from the electronic and metallic division in the coming year and our efforts to reduce overhead costs in our plastic division are forward-looking statements. Actual results could differ materially because of the following factors, among others, which may cause revenues and income to fall short of anticipated levels or our overhead expenses to increase: our dependence on a few major customers; vigorous competition forcing product price reductions or discounts; the timing and amount of significant orders from our relatively few significant customers; continuing increases in resin prices that cannot be passed on to customers; unexpected production delays; obsolete inventory or product returns; losses resulting from fraudulent activity of our customers or employees; labor shortages that increase labor and costs; changes in the mix of product products we manufacture and sell; adverse currency fluctuations in the renminbi and Hong Kong dollar when translated to US dollars; potential new accounting pronouncements; and the effects of travel restrictions and quarantines associated with major health problems, such as the Severe Acute Respiratory Syndrome, on general economic activity.
For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of Company's Annual Report on Form 20-F, copies of which may be obtained from the Website maintained by the Securities and Exchange Commission at http://www.sec.gov.
All information in this release is made as of the date of this press release. Deswell undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Deswell's expectations.
DESWELL INDUSTRIES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(U.S. dollars in thousands, except per share data)
Quarter ended
June 30,
2007 2006
--------- ---------
Net sales $ 38,452 $ 31,689
Cost of sales 31,690 23,243
--------- ---------
Gross profit 6,762 8,446
Selling, general and administrative
expenses 4,468 4,666
Other income(expenses), net 1,010 86
--------- ---------
Operating income 3,304 3,866
Interest expense - -
Other income, net 235 101
--------- ---------
Income before income taxes 3,539 3,967
Income taxes 198 151
--------- ---------
Income before minority interests 3,341 3,816
Minority interests 230 413
--------- ---------
Net income $ 3,111 $ 3,403
Other comprehensive income
Foreign currency translation
adjustment 170 710
--------- ---------
Comprehensive income 3,281 4,113
========= =========
Net income per share (note 3)
Basic:
Net income per share $ 0.21 $ 0.23
========= =========
Weighted average common shares
outstanding (in thousands) 15,058 14,924
========= =========
Diluted:
Net income per share (note 3) $ 0.21 $ 0.23
========= =========
Weighted average common shares
outstanding (in thousands) 15,163 14,955
========= =========
DESWELL INDUSTRIES, INC.
CONSOLIDATED BALANCE SHEET
(U.S. dollars in thousands)
June 30, March 31,
2007 2007
--------- ---------
(Unaudited) (Audited)
ASSETS
Current assets:
Cash and cash equivalents $ 23,445 $ 24,549
Restricted cash - -
Marketable securities 179 107
Accounts receivable, net 26,357 21,063
Inventories 29,489 29,495
Prepaid expenses and other
current assets 7,031 4,999
Income taxes receivable - 130
--------- ---------
Total current assets 86,501 80,343
Property, plant and equipment - net 60,793 60,157
Goodwill 707 710
--------- ---------
Total assets $ 148,001 $ 141,210
========= =========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 17,255 $ 15,865
Customer deposits and accrued
expenses 6,037 5,035
Income taxes payable 514 450
Deferred income taxes liability 320 321
--------- ---------
Total current liabilities 24,126 21,671
--------- ---------
Minority interests 8,072 7,884
--------- ---------
Shareholders' equity
Common stock
- authorized 30,000,000 shares;
issued and outstanding
15,143,730 shares at June 30,
2007 and 15,038,730 at
March 31, 2007 43,432 42,393
Additional paid-in capital 7,429 7,601
Accumulated other comprehensive
income 1,276 1,106
Retained earnings 63,666 60,555
--------- ---------
Total shareholders' equity 115,803 111,655
--------- ---------
Total liabilities and
shareholders' equity $ 148,001 $ 141,210
========= =========
Contact:
Institutional Marketing Services (IMS)
John G. Nesbett, 203-972-9200
jnesbett@institutionalms.com
--------------------------------------------------------------------------------
Source: Deswell Industries, Inc.
billige china aktie
kgv 12
zahlen 7% dividende
kgv 12
zahlen 7% dividende
Deswell Industries, Inc. Acquires Remaining 24% Interest in Electronic and Metallic Subsidiaries
Wednesday August 22, 10:10 am ET
MACAO--(BUSINESS WIRE)--Deswell Industries, Inc. (Nasdaq: DSWL - News) today announced that it has acquired an additional 24% interest in Integrated International Limited ("Integrated"), the holding company for Deswell's electronics and metallics subsidiaries, which together with the current 76% interest in Integrated, makes it now 100% owned by Deswell. The aggregate purchase price for the 24% interest consists of (a) 632,080 common shares of Deswell and (b) a cash payment of HK$3,234,180 (approximately US$413,578) to Messrs. S.K. Lee and M.C. Tam, minority shareholders of Integrated. The newly issued shares are subject to a lock-up period of fifteen months.
ADVERTISEMENT
Franki Tse, chief executive officer, commented, "This subsidiary has become integral to our growth as it has evolved into one of the preeminent assemblers of audio equipment the world over. We expect to more aggressively share resources and technical know-how between our plastics and electronics subsidiaries, realizing improved resource allocation and synergies going forward."
Annual General Meeting
The Company will hold its 2007 Annual General Meeting at 3:00 p.m. on October 9, 2007 at the Four Season's Hotel at 57 East 57th Street, New York.
About Deswell
Deswell manufactures injection-molded plastic parts and components, electronic products and subassemblies, and metallic products for original equipment manufacturers ("OEMs") and contract manufacturers at its factories in the People's Republic of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount ("SMT") and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Digidesign Inc., Vtech Telecommunications Ltd., Epson Precision (H.K.) Ltd., Inter-Tel Incorporated, Line 6 Manufacturing and Peavey Electronics Corporation.
To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com.
Forward-Looking Statements
Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. For example, our statements regarding our expected growth in sales from the electronic and metallic division in the coming year and our efforts to reduce overhead costs in our plastic division are forward-looking statements. Actual results could differ materially because of the following factors, among others, which may cause revenues and income to fall short of anticipated levels or our overhead expenses to increase: our dependence on a few major customers; vigorous competition forcing product price reductions or discounts; the timing and amount of significant orders from our relatively few significant customers; continuing increases in resin prices that cannot be passed on to customers; unexpected production delays; obsolete inventory or product returns; losses resulting from fraudulent activity of our customers or employees; labor shortages that increase labor and costs; changes in the mix of product products we manufacture and sell; adverse currency fluctuations in the renminbi and Hong Kong dollar when translated to US dollars; potential new accounting pronouncements; and the effects of travel restrictions and quarantines associated with major health problems, such as the Severe Acute Respiratory Syndrome, on general economic activity.
For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of Company's Annual Report on Form 20-F, copies of which may be obtained from the Website maintained by the Securities and Exchange Commission at http://www.sec.gov.
All information in this release is made as of the date of this press release. Deswell undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Deswell's expectations.
Contact:
Institutional Marketing Services (IMS)
John G. Nesbett / Jennifer Belodeau, 203-972-9200
jnesbett@institutionalms.com
--------------------------------------------------------------------------------
Source: Deswell Industries, Inc.
Wednesday August 22, 10:10 am ET
MACAO--(BUSINESS WIRE)--Deswell Industries, Inc. (Nasdaq: DSWL - News) today announced that it has acquired an additional 24% interest in Integrated International Limited ("Integrated"), the holding company for Deswell's electronics and metallics subsidiaries, which together with the current 76% interest in Integrated, makes it now 100% owned by Deswell. The aggregate purchase price for the 24% interest consists of (a) 632,080 common shares of Deswell and (b) a cash payment of HK$3,234,180 (approximately US$413,578) to Messrs. S.K. Lee and M.C. Tam, minority shareholders of Integrated. The newly issued shares are subject to a lock-up period of fifteen months.
ADVERTISEMENT
Franki Tse, chief executive officer, commented, "This subsidiary has become integral to our growth as it has evolved into one of the preeminent assemblers of audio equipment the world over. We expect to more aggressively share resources and technical know-how between our plastics and electronics subsidiaries, realizing improved resource allocation and synergies going forward."
Annual General Meeting
The Company will hold its 2007 Annual General Meeting at 3:00 p.m. on October 9, 2007 at the Four Season's Hotel at 57 East 57th Street, New York.
About Deswell
Deswell manufactures injection-molded plastic parts and components, electronic products and subassemblies, and metallic products for original equipment manufacturers ("OEMs") and contract manufacturers at its factories in the People's Republic of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount ("SMT") and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Digidesign Inc., Vtech Telecommunications Ltd., Epson Precision (H.K.) Ltd., Inter-Tel Incorporated, Line 6 Manufacturing and Peavey Electronics Corporation.
To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com.
Forward-Looking Statements
Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. For example, our statements regarding our expected growth in sales from the electronic and metallic division in the coming year and our efforts to reduce overhead costs in our plastic division are forward-looking statements. Actual results could differ materially because of the following factors, among others, which may cause revenues and income to fall short of anticipated levels or our overhead expenses to increase: our dependence on a few major customers; vigorous competition forcing product price reductions or discounts; the timing and amount of significant orders from our relatively few significant customers; continuing increases in resin prices that cannot be passed on to customers; unexpected production delays; obsolete inventory or product returns; losses resulting from fraudulent activity of our customers or employees; labor shortages that increase labor and costs; changes in the mix of product products we manufacture and sell; adverse currency fluctuations in the renminbi and Hong Kong dollar when translated to US dollars; potential new accounting pronouncements; and the effects of travel restrictions and quarantines associated with major health problems, such as the Severe Acute Respiratory Syndrome, on general economic activity.
For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of Company's Annual Report on Form 20-F, copies of which may be obtained from the Website maintained by the Securities and Exchange Commission at http://www.sec.gov.
All information in this release is made as of the date of this press release. Deswell undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Deswell's expectations.
Contact:
Institutional Marketing Services (IMS)
John G. Nesbett / Jennifer Belodeau, 203-972-9200
jnesbett@institutionalms.com
--------------------------------------------------------------------------------
Source: Deswell Industries, Inc.
DESWELL INDUSTRIES wird mächtig abgehen.....
alle china aktien in usa explodieren seit tagen!
alle china aktien in usa explodieren seit tagen!
langsam aber sicher müßte deswell abgehen!
langsam zieht deswell an
nochmal zugekauft
kgv von 11
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