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Non-Tech : OAKLEY- NYSE:OO
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To: Dr. Jeff who wrote (633)6/24/1997 7:27:00 PM
From: Steven Angelil   of 1383
 
Jeff,

I told you there had to be a reason for the huge runup.

Now, lets have a truce. I'm sick of this. Yes, I am pissed because I sold OO to free up some cash. I'll get over it. I still would like to think that if OO's fortunes are good, that it will mean that Hut's fortunes will be good.

I spoke to the founder of Sunglass Hut, Sanford Ziff, today, and he told me it would take a year to get things right at the Hut. He told me the CEO that quit "had his mind on other things last year," thus our Hut business goes in the trash.

Steve
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