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Technology Stocks : Oak Technology (OAKT) -- Ignore unavailable to you. Want to Upgrade?

To: Cymeed who wrote (4264)	6/15/1999 7:25:00 AM
From: Judy Muldawer	Read Replies (1) \| Respond to of 4335

This blurb was found at the Street.Com this morning. I also posted it on the TRID thread...could account for the accumulation of OAKT recently: A late-in-the-day dispatch yesterday of this column noted how "wild card" assets finally might be getting value at S3 (SIII:Nasdaq) and Alliance Semiconductor (ALSC:Nasdaq). Several years ago both participated in a joint venture with Taiwan's United Microelectronics to create United Semiconductor, a private Taiwanese company that runs a semiconductor plant. Only problem: There was no way to put a value on the investment because United Semi was private. Then, yesterday, United Micro announced plans to buy United Semi and several other joint-venture fabs in return for United Micro stock, which is traded in Taiwan. Based on the price of United Micro's publicly traded stock, analysts calculated attractive values for the S3 and Alliance holdings. S3 and Alliance, as it turns out, weren't the only U.S. semi companies to hold stakes in the fabs being bought by United Micro. Oak Technology (OAKT:Nasdaq), for example, owns 9.3% of United Integrated Circuits. Same goes for Trident Microsystems (TRID:Nasdaq), which holds 9.3% of United Integrated assets as well. (Meanwhile, Integrated Silicon Solution (ISSI:Nasdaq) agreed to sell its position in United Integrated back to United Micro in April for its original acquisition cost, although it says it will record a gain of about $1.8 million in the June quarter on the sale. Timing is everything!) Then there's Xilinx (XLNX:Nasdaq), which actually records its proportional interest in United Silicon, another United Micro venture, as part of its own income.