Oak Technology (OAKT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Oak Technology (OAKT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AreWeThereYet who wrote (4218)	12/14/1998 11:35:00 AM
From: Bonzo	Read Replies (1) of 4335

aC, "and that the long-term values achievable by the Company are higher, by an order of magnitude, than the price proposed by Gold." What do you think that could mean in terms of shareprice? 2 x $4.50 = $9? Order of magnitude could also mean double digits instead of single digits I suppose. Whatever it means its clear by this report that Tsang was trying to steal the company with his low-ball offer. The right thing for him to do is to resign now. If not, the Board of Directors, and the shareholders, should demand his resignation. Is this someone you could trust now to re-structure and grow the company once again in order to achieve that order of magnitude increase in valuation that the special committee refers to? I don't think so - his interest appears to be one that would primarily enrich himself and his special investment group and not shareholder interests. A dismal failure as CEO of OAKT and now a failed buyout bid.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next