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

To: Ken Ridge who wrote (4064)6/5/1998 10:10:00 PM
From: John L.  Read Replies (1) | Respond to of 4335
 
What is the cash on hand for Oakt after aquiring Pixel Magic and discontinueing some of there products this past year as I recall. If they have some cash on hand where is it from, they sure haven't been making headlines with there operating profits. I got in @ 5 1/2 hoping for another run up to 7 before the summer slowdown arrives, I guess it started in May this year.



To: Ken Ridge who wrote (4064)6/6/1998 11:14:00 AM
From: AreWeThereYet  Read Replies (1) | Respond to of 4335
 
Ken,
I don't know, all I know is DO NOT expect any improvement in business operation for another 3 months. The stock may rebound to 6 in near term though. I sold my initial holding bought from last year early in the week but I decide to keep my recent added holding bought at the mid 5s.

Don't worry too much, there is nothing we can do as a result of weakness in chip sector. OAKT is not alone, take a look at ESST, OPTI, ISSI...

aC


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