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Technology Stocks : Oak Technology (OAKT)

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To: AreWeThereYet who wrote (4089)7/23/1998 7:18:00 PM
From: Ken Ridge  Read Replies (1) of 4335
 
Today's close at 3 1/16 is very close to cash value, shown as $3.06 in last quarter's report. Someone could essentially buy this company for free!

Clearly, the market has factored in a significant loss, well above the consensus estimate of - $.08/share. In fact, if they come anywhere close to this figure, I would expect a rebound after earnings are released next Tuesday, 7/28.

Very hard to resist adding to my already overloaded position at this level.
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