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

To: Sparky65 who wrote (3504)	11/6/1997 12:51:00 AM
From: Bonzo	Respond to of 4335

>>However, even if Oak does hit the $.62 earnings estimate, you are only looking at a $14.25 stock price this year and $20 in 1999(based on a 23 PE).<< Sparky if you beleive these numbers are attainable then you should buy more at the current price. You would be looking at >54% this year and >100% within the next year. Personally I have given up with projections on this stock - at least as far as share price. I am doing my penance with OAKT. I'm committed to seeing this thing thru. The products wins I have been asking for have started to trickle in yet the share price is lower now than it was before any wins. So the street wants to see tangible results from these wins; re: rev. & earnings. Fine I'll be dam if I'll sell now only to see the stock much higher next year. Then again a dog is a dog is a ....

To: Sparky65 who wrote (3504)	11/6/1997 8:55:00 AM
From: coopie	Read Replies (1) \| Respond to of 4335

Hi Sparky65, You may have just seen the revised earnings estimates, but that info. is more bad history rather than bad news. The earnings revisions were made back in October with the release of 1st Q. financial results. You could safely assume that this info. has been reflected already in the price of the stock. Now for the good news - expect more design wins in the near future (and perhaps a new product or two). I wish I did not own so much of this stock already, because right now, IMHO, you have the chance to buy into this company at fire sale prices (no pun intended). Looking for revenues to ramp up with their DVD line EARLY next calander year, and this trans. period from CD-ROM and VideoCD to DVD-ROM and DVD will not last long. Good Luck.