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Non-Tech : OAKLEY- NYSE:OO

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To: dave luken who wrote (390)	4/20/1997 7:42:00 PM
From: Sam Quentin	of 1383

Dave: I apologize for my "denseness" -- but are you saying that inspite of the lower than expected earnings and the downgrade, it's remarkable that the stock is still doing well. My Price Ojective (hopefully) short term was/is 14 1/2. If I understood you correctly, you make a good point and I feel much better. I got a little upset when the stock lost $1 Thursday but was happy to see the rebound on Friday. Zacks increased their ranking from 4 to 3 (1 best) on Friday. Sam

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