Oak Technology (OAKT) Message Board

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Technology Stocks : Oak Technology (OAKT)

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To: Sparky65 who wrote (3625)	11/21/1997 12:09:00 PM
From: Bonzo	Read Replies (2) of 4335

Sparky you really must be way down on OAKT for you to feel we won't make it back to at least 10 in Jan. If we don't go over 10 by the end of Jan then perhaps we do have a more serious, fundamental problem here. I still feel the stock is way undervalued. It is also underfollowed, unwanted, unloved, undiscovered etc. The institutional investors apparently do not see a compelling reason to buy OAKT at this time. They must feel there are simply better buys out there in terms of quality. With the volatility in the market they are a lot more selective. The commodity nature of thier core business, slow revenue growth thru new product introductions, continuing litigation, the ramifications of the Asian "flu", competition in DVD (MPEG2 making it difficult for OAKT to gain entry) etc. In addition, mgt. has done little to enhance shareholder value (and thier sitting on 145M in cash) and get "the right spin out" on thier new products. The reason why I'm in and will continue to remain in: THE STOCK IS UNDERVALUED". Sooner or later, (obivously later in this case), the street will come to recognize that value and bid OAK up accordingly. You have to have a lot of contrarian in you to beleive this. I do.

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