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Technology Stocks : Oak Technology (OAKT)
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To: Lindsey R. Spencer who wrote (3967)3/21/1998 2:42:00 PM
From: P.M.Freedman  Read Replies (1) of 4335
 
This coming quarter of OAKT may be used to write off additional inventories. The date to release the earnings may be on Apr.24. I guess that's the reason the stock declined so much. The street is expecting $0.01 in loss. I think that we may see a bigger loss. The whole PC sector are facing huge inventory problems. Compaq is the sample. The street does not like the idea to merge Digital into Compaq. Don't talk book value of OAKT. Those number means nothing to the fair market value. If a company with $5 book value and traded at $5 or below. You'd better run away as soon as possible instead of jumping into the hole. Good luck!
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