Oak Technology Presents at the Hambrecht & Quist Conference
SUNNYVALE, Calif., April 30 /PRNewswire/ -- Oak Technology, Inc. (Nasdaq:OAKT), a provider of high-performance multimedia semiconductors and related software, will be participating in the Hambrecht & Quist 1997 Technology Conference today. Mr. Sidney Faulkner, VP of Finance and Chief Financial Officer, will be presenting at 5:00 PM at the Westin St. Francis Hotel in San Francisco.
Business Overview
Oak Technology designs high-performance, integrated multimedia semiconductors and related software for original equipment manufacturers worldwide who serve the multimedia PC, digital video consumer electronics, and digital office equipment markets. The Company targets these three high-growth markets by leveraging its five core technologies: optical storage, MPEG imaging, video/graphics, audio/communications, and digital imaging. Established in 1987, Oak completed its initial public offering in February 1995 and currently has nearly 400 employees worldwide. The Company recently reported fiscal 1997 Q3 earnings of $50.6 M.
Widely recognized as a market leader in IDE/ATAPI controllers, Oak recently introduced the OTI-912, the fastest controller in the market today, which supports transfer speeds of up to 40x. With the trend towards higher levels of integration in these products, and the increasing attachment rate of CD-ROM drives in the corporate sector, this market has the potential for continued growth. Recently, the Company has extended this core business to include products for the emerging CD-Recordable/ ReWritable controller market. Going forward, Oak plans to leverage its expertise in optical storage technology for the DVD-ROM market.
Oak's MPEG-1 decoders for VideoCD players represented nearly 10% of last quarter's revenues. An MPEG-2/AC-3 decoder for DVD players is in development and targeted for a mid-year introduction.
Oak Technology's PCI audio/communications accelerators, the OTI-610 and OTI-611, as well as its latest 2D DirectX accelerators, are currently in customer evaluation. Oak is also developing a 3D (with integrated 2D) accelerator solution for the 3D graphics marketplace.
Pixel Magic, Oak's Digital Imaging subsidiary located in Andover, MA, continues to build on its leadership position in the digital office equipment market by providing imaging codecs for digital copiers, high-end scanners and multifunction peripherals. The Company is currently shipping products to major OEMs.
ABOUT OAK TECHNOLOGY
Founded in 1987, Oak Technology, Inc. designs, develops, and markets high-performance multimedia semiconductors and related software to original equipment manufacturers worldwide who serve the multimedia PC, digital video consumer electronics, and digital office equipment markets. It has subsidiaries in Japan (Oak Technology, K.K.), Taiwan (Oak Technology, Inc., Taiwan), and Andover, Massachusetts (Pixel Magic, Inc.). The Company completed its initial public offering in February 1995. Additional information about Oak Technology and its products can be found on the World Wide Web at www.oaktech.com.
Oak Technology and the Oak logo are registered trademarks of Oak Technology, Inc. Pixel Magic is a trademark of Pixel Magic, Inc., a subsidiary of Oak Technology. All other registered trademarks and trademarks belong to their respective holders. |
