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

To: Ingenious who wrote (4256)	5/16/1999 1:07:00 PM
From: GC	Read Replies (2) \| Respond to of 4335

Friday May 14, 3:06 pm Eastern Time Company Press Release Oak Technology to Continue to Pursue International Trade Investigation Against UMC and MediaTek Company to Seek Review by the ITC of Recent Decisions of the Administrative Law Judge SUNNYVALE, Calif.--(BUSINESS WIRE)--May 14, 1999-- Oak Technology (NASDAQ:OAKT - news), a leading provider of optical storage controllers, today announced that it will continue to pursue protection of its pioneering patent related to CD-ROM controller technologies against Taiwan-based CD-ROM controller designer United Microelectronics Corporation (UMC) and its affiliated entity, MediaTek. The Company's statement is in response to Initial Determinations by an Administrative Law Judge (ALJ) of the International Trade Commission (ITC) finding that there were no unfair trade practices committed by MediaTek under Section 337 of the Tariff Act and that UMC should be dismissed from the investigation. The Company believes that both Initial Determinations are incorrect and intends to seek review of these Initial Determinations by the ITC. Through this review before the ITC, the Company intends to vigorously pursue its right to seek protection from importation of UMC's and MediaTek's CD-ROM controllers under the trade laws of the United States. In addition, the Company will continue to pursue its pending action against UMC concerning breach of contract, fraud, and other claims in the United States district court. The Company's petition to the ITC to review the ALJ's Initial Determination as to UMC is due on May 17, and its petition to review the ALJ's Initial Determination as to MediaTek is due on May 24. The ITC's final decision in the case is due no later than August 13. About Oak Technology Founded in 1987, Oak Technology, Inc. designs, develops and markets high-performance semiconductors and related software to original equipment manufacturers (OEMs) worldwide who serve the optical storage, consumer electronics, and digital office equipment markets. Oak has subsidiaries in Japan (Oak Technology K.K.); Taiwan (Oak Technology, Taiwan); Andover, Mass. (Pixel Magic, Inc.); Bristol, England (Oak Technology Limited); and Munich, Germany (Oak Technology GmbH). Additional information about Oak Technology and its products can be found on the World Wide Web at www.oaktech.com. Oak Technology and the Oak logo are registered trademarks of Oak Technology, Inc. Pixel Magic is a trademark of Oak Technology. All other registered trademarks and trademarks are for identification purposes only and may belong to their respective holders. Contact: Oak Technology Robert Hersh, 408/328-6899 investor_relations@oaktech.com More Quotes and News: Oak Technology Inc (Nasdaq:OAKT - news) Related News Categories: computers, semiconductors Help Copyright © 1999 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?