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Technology Stocks : Oak Technology (OAKT)

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To: Bonzo who wrote (4200)11/18/1998 5:19:00 PM
From: Steve Reinhardt  Read Replies (1) of 4335
 
Joe,

I congratulate his proposal, but I definitely do not agree with his offered price. I wish it could be higher. (Unfortunately I hold some shares at cost of $10.) I congratulate Tsang because OAKT has been damaged by short term, speculative investors. At least he comes out saying the stock is worth more than the current price.

I don't think his offer can sail through the boards and shareholders' meeting, though unless the majority agree with his offering. I mean if you refuse to sell your shares to him, can you resist?

Steve
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