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Non-Tech : OAKLEY- NYSE:OO

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To: kinkblot who wrote (1223)	4/21/1998 12:09:00 AM
From: Bob Varney	of 1383

Point well taken on Bolle. I have no sense about their business. I too followed ILC. They seemed to disappoint regularly, and deserved their multiple. I think now they have shed their poor fit divisions. If they can integrate with ORC, this is a dynamite business. ILC used to lament that they couldn't sport the multiple accorded Chicago Miniature Lamp. IMHO, LNM (bizarre choice of symbol) can easily be a 2-3 bagger with little down side risk. Actually I picked up most of my EYE at ~4 so with the current price BEYE is simply a dividend. I did not sell at spinout. I don't know how to price a sunglass company. Wish I did. Bob

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