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Technology Stocks : Oak Technology (OAKT)

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To: AreWeThereYet who wrote (4089)7/22/1998 9:49:00 PM
From: Bonzo  Read Replies (1) of 4335
 
aC, I love your optimistic view. Last I looked we are currently below cash value. Incredible. Especially for a "high tech" company. So where do we go from here? Should we average down? Sell and write it off? Hang in there hoping for a turnaround? I honestly don't have a clue. So I'm holding. I'm hoping that OAKT wins a major DVD contract, but even more importantly in my view, is this: OAKT needs to use that cash >$100-$140M and buy a company that fills their void. A company that is non-commodity based. A company that has proprietary technology and will add to their core competency. Accretive in the short term. Any suggestions? Good - lets all write the company and tell them.
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