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Technology Stocks : Oak Technology (OAKT)

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To: AreWeThereYet who wrote (4217)	12/14/1998 10:11:00 AM
From: AreWeThereYet	Read Replies (2) of 4335

Oak Technology Special Committee Does Not Recommend Gold Acquisition Group Buyout Proposal to Board of Directors 'The Special Committee has carefully reviewed the proposal delivered to Oak Technology, Inc. (the ''Company'') by Gold Acquisition Group (''Gold'') by letter dated November 13, 1998. Based on our review, and taking into account the advice and analysis of the Special Committee's independent financial, consulting and legal advisers, we have concluded that the price proposed by Gold does not reflect the long-term value of the Company, and that the long-term values achievable by the Company are higher, by an order of magnitude, than the price proposed by Gold. biz.yahoo.com aC

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