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Technology Stocks : Oak Technology (OAKT)
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To: Peter Smith who wrote (4105)7/28/1998 7:47:00 PM
From: michael liu  Read Replies (1) of 4335
 
OAKT has tons of cash sitting here ($100M+).
The loss is not too bad (< $5M). R&D expense was
up. New acquisition. They only bought back 1M
shares. They will buy another 1M back anytime
in the future. If they pay $5 per share, they
only need spend $5 M to complete their promise.
What a deal. We'll see a short squeeze even if
we are in down market. Good luck. It is a good
buy anything below $3.5

Michael
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