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

To: Steve H. who wrote (3994)	4/9/1998 10:05:00 AM
From: AreWeThereYet	Respond to of 4335

Steve, >> 1) Why is this stock trading at such a low multiple relative to it's sector? << There are # of reasons, check the history post. >> 2) Has the company's accounting practice ever been called into question? << Yes for management practice. This happened very long time ago, check the 10K. >> 3) Who are the two biggest competitors to OAKT? << Honestly I am not 100% sure, probably Cirrus Logic and Adaptec. Also check this out: biz.yahoo.com aC

To: Steve H. who wrote (3994)	4/9/1998 11:31:00 AM
From: Eddie Kim	Read Replies (1) \| Respond to of 4335

Steve, I hope you didn't buy OAKT when it was in the 20's. Anyways, if OAKT dips below the 6 dollar mark I would consider buying more especially if you can get anywhere below 5 3/4. This stock has rock hard support at these levels and given that it has a book value of 5.81 doesn't hurt either. I couldn't really tell you what OAKt's problems are, but as a value play this stock is as good as it gets. Buy below 6 and sell in the high's 6's. -Eddie

To: Steve H. who wrote (3994)	4/19/1998 12:10:00 AM
From: Daniel Shaffer	Read Replies (1) \| Respond to of 4335

Is Shareholder lawsuit depressing OAKT stock? In answer to your questions about why OAKT is trading so low relative to book value, it may have something to do with the shareholder lawsuit filed last year. As I have noted in past postings, Sierra Semiconductor was in a similar rut some years back. In the case of OAKT, there is a shareholder lawsuit claiming insiders simultaneously hyped the stock, lifting the stock price, while selling gobs of their own shares ahead of bad news that broke shortly thereafter. In the case of Sierra, I think it also had to do with optimistic hype that immediately preceeded bad news resulting in big paper losses for those who bought on the optimistic hype. Ultimately, the suit was settled with affected shareholders getting a little something per share (I think it was around $1.50 per share--not much). Once the lawsuit was settled, however, the stock took off, more than tripling in price from its low. I just wonder if the uncertainty around the lawsuit could be holding down OAKT's price. Speaking of the lawsuit, does anybody on this thread know its status? I haven't heard a peep!