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Technology Stocks : Oak Technology (OAKT)

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To: Sparky65 who wrote (3512)11/7/1997 6:29:00 PM
From: Bonzo  Read Replies (1) of 4335
 
You are correct Sir! Based on Q1's earnings report, OAKT had $146.789M in cash and 42.569M shares out = $3.45/share in cash. 40% of each share is backed by cash! Name me one other technology stock with that kind of ratio. I know it doesn't mean beans if its not reflected in the share price. In fact OAKT might as well be selling beans or some other commodity the way the street has valued the stock. CUBE, ESST, ZRAN, etc., are all trading at much higher multiples even though thier stocks have been hit hard lately also.
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