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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (8320)	6/19/2002 9:22:16 AM
From: Dave Gore	Respond to of 16631

OAKT down 39% pre-mkt. No question the PC business is weaker than many expected and a negative surprise. But some chips stocks doing much better. Let's see if all chips are thrown out with the bathwater and good deals pop up. *** Oak Tech shares cut down after Q4 warning By Tomi Kilgore Oak Technology (OAKT: news, chart, profile) is getting pummeled for a pre-open loss of $3.54, or 36 percent, to $6.36 after the digital content company said fiscal fourth-quarter would fall short of expectations due to a weaker-than-expected PC environment, particularly in Europe. The company said current global market conditions are leading to customer order deferrals and "lower-than-normal turns" in its business.