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

To: AreWeThereYet who wrote (4089)	7/22/1998 9:49:00 PM
From: Bonzo	Read Replies (1) \| Respond to of 4335

aC, I love your optimistic view. Last I looked we are currently below cash value. Incredible. Especially for a "high tech" company. So where do we go from here? Should we average down? Sell and write it off? Hang in there hoping for a turnaround? I honestly don't have a clue. So I'm holding. I'm hoping that OAKT wins a major DVD contract, but even more importantly in my view, is this: OAKT needs to use that cash >$100-$140M and buy a company that fills their void. A company that is non-commodity based. A company that has proprietary technology and will add to their core competency. Accretive in the short term. Any suggestions? Good - lets all write the company and tell them.

To: AreWeThereYet who wrote (4089)	7/23/1998 7:18:00 PM
From: Ken Ridge	Read Replies (1) \| Respond to of 4335

Today's close at 3 1/16 is very close to cash value, shown as $3.06 in last quarter's report. Someone could essentially buy this company for free! Clearly, the market has factored in a significant loss, well above the consensus estimate of - $.08/share. In fact, if they come anywhere close to this figure, I would expect a rebound after earnings are released next Tuesday, 7/28. Very hard to resist adding to my already overloaded position at this level.