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Technology Stocks : Oak Technology (OAKT)
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To: Acres H who wrote (3791)12/29/1997 9:14:00 PM
From: Baoho Chang  Read Replies (1) of 4335
 
Hello, Acres and all. Trident Micro came out with a warning of a revenue shortfall due to the Asian turmoil. Since Oak also has its major customers in Asia, the warning from Trident definitely had an impact on the stock price of OAK, in my opinion. I personally think that Oak will definitely experience certain problems from its Asian customers but the key is whether those problems can be offset or partially offset by the new products, such as the sound chips and WARP 5, which started to generate some revenue this quarter.

Oak recently guided analysts to lower the Q4 earnings estimate from $0.15 to $.11 to reflect those problems. Hopefully, Oak will not come out with more warnings.

In anycase, it is a very depressing time for us Oak investors and perhaps high tech investors in general.

Regards,
Baoho
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