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Technology Stocks : Oak Technology (OAKT)

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To: Lindsey R. Spencer who wrote (3761)12/14/1997 3:35:00 PM
From: Cymeed  Read Replies (1) of 4335
 
Lindsey, your guess is as good as everybody else. Nobody knows what OAKT is going to be traded short term. Right now, the street thinks OAKT is going away with its CD-ROM technology. That's what the obvious long term down trend say during the last two years. But whether OAKT is really going away won't be known until 1998. If their new product(s) are doing well (getting market share), this stock will be outperforming in 1998. If there is no life in the new products, this stock can fastly approach the book value ($5.x) and probably stay there for a while.

Hope that helps.
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