Guess someone is bullish on OO....
OAKLEY FOUNDER TO PURCHASE UP TO AN
ADDITIONAL ONE MILLION SHARES OF COMPANY
STOCK
Business Wire - February 18, 1997 11:46
FINANCIAL OAKLEY OO CALIFORNIA SPORTS RETAIL V%BW P%BW
IRVINE, Calif.--(BUSINESS WIRE)--Feb. 18, 1997--Oakley Inc. (NYSE:OO) Tuesday
announced that Jim Jannard, its chairman and president, has advised the company he intends to
purchase up to an additional one million shares of Oakley stock from time to time in the open
market, subject to market conditions.
Jannard also advised the company that he has completed the previously announced purchase of one
million shares on the open market, which increased Jannard's ownership stake to over 50 percent of
Oakley.
"Based on the fundamental strengths of the company and its long-term growth prospects, I firmly
believe Oakley's stock is substantially undervalued at the current market prices and continue to view
Oakley as an attractive investment opportunity," Jannard said.
Oakley is an innovation-driven designer, manufacturer and distributor of high-performance eyewear.
CONTACT: Oakley Inc., Irvine
Robert Bruning
Chief Financial Officer
or
Rene Law
Corporate Communications Manager
714/951-0991
REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or
800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473
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