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

To: Peter Smith who wrote (4188)	11/18/1998 9:55:00 AM
From: AreWeThereYet	Read Replies (5) \| Respond to of 4335

Tsang (CEO of OAKT) offers $4.5 to buyout the company. aC

To: Peter Smith who wrote (4188)	11/18/1998 12:33:00 PM
From: Steve Reinhardt	Respond to of 4335

Peter, I guess you know it by now that Tsang & his backers offer to buy-out OAKT. biz.yahoo.com "..Oak Technology Confirms Receipt of Buyout Proposal SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 18, 1998--Oak Technology Inc. (the ''Company'') (Nasdaq:OAKT - news), a provider of high-performance semiconductors for the optical storage, consumer electronics and digital office equipment markets, today announced that it has received a proposal from David D. Tsang, chairman of the board and chief executive officer of the Company, to acquire all outstanding common stock of the Company for $4.50 per share in cash...." Well, I have to say I admire Tsang's brilliant move. The Streets has been too harsh on the smaller fabless semiconductor companies in the Silicon Valley. When these fabless companies show good earnings, they became the favored son. When they encounter the cyclical slum, they were punished to below book value. I don't blame Tsang and his backers at all. If anyone believes in the company, they can do whatever they want to do. This is free equity market anyway, isn't it?