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Technology Stocks : Oak Technology (OAKT)

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To: Dan Spillane who wrote (3645)	11/24/1997 4:46:00 PM
From: Sparky65	Read Replies (1) of 4335

Dan, I just heard Dell's earnings, $.69. That was $.02 above the "whisper" number. Very strong announcement. Dell is trading up in after hours. Which of course means nothing. However, Michael Dell's comments were very strong. I would say it was very positive. As for the volume late in the day. The bad news is the stock is down. The good news is that someone wanted to buy. And, to see the stock sell at $7.5 with that kind of volume would dictate to me that we are almost to the bottom. I do think we can test $7 again. The thing that gets me is how can a stock be trading so cheap! Is something going on. To see the type of volume we have seen in the last few days shows me that people do not have confidence in Oak and its products and management. With earnings and product wins that have been I thought positive, it is very concerning to see this stock trading down like this. Most other semi techs are at least rebounding a little. This stock is still going down on good days and bad days in the market. The thing that really gets me is that analysts and the company are not saying anything. No announcement of share buyback and no changes in earnings and the future by analysts. What is going on!?

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