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Technology Stocks : Oak Technology (OAKT)
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To: John L. who wrote (4065)6/6/1998 10:32:00 AM
From: Ken Ridge  Read Replies (1) of 4335
 
My apologies to you and the board; OAKT is NOT trading below cash. Yahoo shows cash per share of $3.17.

Their most recent 10Q shows $71.5 mill cash and $57.8 mill short term investments, with 42.2 mill shares outstanding, which translates to a slightly lower figure for cash+st investments. In any case, well below trading range, even with last week's bloodbath.

Again, my apologies for the misstatement.
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