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To: John Rieman who wrote (24283)	10/23/1997 4:38:00 PM
From: BillyG	Read Replies (2) \| Respond to of 50808

OAKT earnings Part I............ Oak Technology Announces First Fiscal Quarter 1998 Earnings Business Wire - October 23, 1997 16:15 %OAK-TECHNOLOGY OAKT %CALIFORNIA %MASSACHUSETTS %TEXAS %COMPUTERS %ELECTRONICS %COMED %EARNINGS V%BW P%BW Jump to first matched term SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 23, 1997--Oak Technology, Inc. (NASDAQ:OAKT), a provider of high-performance multimedia semiconductors and related software, today reported results for the first fiscal quarter of 1998 ending September 30, 1997. The Company reported net sales of $43.3 million, an increase of 129% over first fiscal quarter 1997 net sales of $18.9 million. Net income of $6.2 million compares to net loss of $1.7 million for the comparable period a year ago. Net income per share of $0.15 compares with net loss per share of $0.04 in the first quarter of fiscal 1997. Net income for the quarter included non-operating income of $2.6 million or $0.04 per share from a favorable settlement of a legal proceeding. Revenue for the quarter was led by the Company's optical storage products which include CD-ROM and CD-R/RW (Recordable/ReWritable) controllers. During the quarter, the Company's customers continued to make a transition to its latest generation block decoder, the OTI-912. In addition, shipments of the OTI-975 CD-R/RW controller continued to increase. During the quarter, Oak introduced its first controller targeted for the DVD-ROM market, the OTI-9800. This device is the first in the market to integrate full CD ECC/EDC support, a universal DVD-DSP interface and an integrated CSS processor. "We are pleased with the expansion of our optical storage business which includes discrete block decoders, CD-R/RW decoders, integrated CD-ROM controllers, and now, our first controller for DVD-ROM drives," stated David D. Tsang, president and CEO of Oak Technology. "In addition, we began our first audio controller shipments this quarter and continued to grow our Pixel Magic business in the digital office equipment market." The foregoing statements contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Factors that could cause actual outcome to differ materially from those set forth include, without limitation, market conditions in the personal computer and semiconductor industries, the degree of competitiveness of the Company's customers, levels of inventory held by the Company's customers, the rate at which the PC industry moves to higher speed drives as well as DVD-ROM drives, and the Company's customers' perceptions thereof, the diversification of the Company's product and market mix, product development schedules, the Company's ability to control expenses, and other risks that are contained in documents which the Company files with the Securities and Exchange Commission. For a discussion of such risks, see the Company's most recent SEC form 10-K and 10-Q. About Oak Technology Founded in 1987, Oak Technology, Inc. designs, develops, and markets high-performance multimedia semiconductors and related software to original equipment manufacturers worldwide who serve the PC, consumer electronics, and digital office equipment markets. Oak has a software design center in Boca Raton, Florida, a mixed signal design center in Austin, Texas, and subsidiaries in Japan (Oak Technology K.K.), Taiwan (Oak Technology, Taiwan), and Andover, Massachusetts (Pixel Magic, Inc.). The Company completed its initial public offering in February 1995. Additional information about Oak Technology and its products can be found on the World Wide Web at www.oaktech.com . Note to Editors: Oak Technology and the Oak logo are registered trademarks of Oak Technology, Inc. Pixel Magic is a trademark of Oak Technology.

To: John Rieman who wrote (24283)	10/23/1997 8:42:00 PM
From: DiViT	Respond to of 50808

Toshiba enters China with DVD... Toshiba, Top Chinese Electronics Co To Market DVDs In China ÿ 10/23/97 Dow Jones International News (Copyright (c) 1997, Dow Jones & Company, Inc.) ÿ TOKYO (Nikkei)--Toshiba Corp. (J.TOS) will tie up with China's largest home appliances maker to market electronic equipment including DVDs in China, intensifying a battle between rival groups of DVD producers, the Nihon Keizai Shimbun said Friday. Toshiba has agreed to provide Sichen Changhong Electronic Co. Ltd. with technologies for a range of electronic equipment including digital videodiscs. The major Japanese manufacturer aims to grab a significant share of the world's DVD market through the agreement, as the potential Chinese market is huge. Toshiba plans to begin selling DVD players in China by the end of 1998. The two companies may become competitors in the DVD market in the future, but the importance of promoting acceptance of of DVDs in China outweighs that risk, Toshiba said. On Oct. 20 a group of 6 electronics manufacturers including Toshiba, Hitachi Ltd. (HIT), Matsushita Electric Industrial Co. (MC), Mitsubishi Electric Corp. (J.MBE), Victor Co. of Japan (J.VIC) and Time Warner (TWX) of the U.S. signed a joint DVD patent licensing agreement. Six months earlier, Sony Corp. (SNE), Pioneer Electronics Corp. (PIO) and Phillips Electronics NV of the Netherlands announced an independent DVD patent licensing program. The Electronic Industries Association of Japan estimates that global sales of DVD players will total 1.17 million units in 1997 and 2.83 million units in 1998. In return for providing technologies, Toshiba will receive production support from the Chinese company. The Sichuan-based company held 27% of the Chinese television market in 1996, with sales of 4.8 million sets.