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

To: AreWeThereYet who wrote (4218)	12/14/1998 10:52:00 AM
From: Peter Smith	Respond to of 4335

Andy, I saw the rejection article too. I'm impressed with the wording "by an order of magnitude" whatever that means. Guess they can't put a real dollar amount down since someone would sue if they didn't reach it. Its nice to see such a strong statement rejecting the offer. I would think that we will soon see another news release in regard as to what Tsang's position will be; whether to raise his offer, quit the co, or "rejoin". The proposal must have been supporting the price as its now down some, but I'd guess that its only temporary. They have had several good positive news articles out recently, and I'd expect to soon see the price resume its climb upward. Time will tell.

To: AreWeThereYet who wrote (4218)	12/14/1998 11:35:00 AM
From: Bonzo	Read Replies (1) \| Respond to of 4335

aC, "and that the long-term values achievable by the Company are higher, by an order of magnitude, than the price proposed by Gold." What do you think that could mean in terms of shareprice? 2 x $4.50 = $9? Order of magnitude could also mean double digits instead of single digits I suppose. Whatever it means its clear by this report that Tsang was trying to steal the company with his low-ball offer. The right thing for him to do is to resign now. If not, the Board of Directors, and the shareholders, should demand his resignation. Is this someone you could trust now to re-structure and grow the company once again in order to achieve that order of magnitude increase in valuation that the special committee refers to? I don't think so - his interest appears to be one that would primarily enrich himself and his special investment group and not shareholder interests. A dismal failure as CEO of OAKT and now a failed buyout bid.