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

To: Carmine Cammarosano who wrote (3635)	11/23/1997 8:56:00 PM
From: Lindsey R. Spencer	Read Replies (2) \| Respond to of 4335

I don't get it. If you look at OAK's last quarter with Revs. doubling and earnings of .15 vs -.05 over last year. The book is at 6 (with two thirds of that in cash). No debt. I have never seen a company with powerful growth numbers, as these, that is so cheap. Technically the stock is basing at 8 right now (Getting 10 in this stock by Jan 31 is a layup). I haven't looked but does this company have some poison pill in to protect management from their mistakes. If not, this co. could really get bought out fast - what a steal. They don't have to produce much, the balance sheet is clean with a viable business. Investers win two ways: with the business, as it does seem to be really doing well, and with the buyout. Would someone like to respond to this scenerio as to why it is unreasonable?