Oak Technology Appoints Barry Cornell as VP of Operations and Quality

Semiconductor Industry Veteran to Focus on Maximizing Profitability,

Manufacturing Efficiency and Quality



Apr 12, 2001, 01:00 ET from Oak Technology, Inc.

    SUNNYVALE, Calif., April 12 /PRNewswire/ -- Oak Technology, Inc.
 (Nasdaq:   OAKT) announced today that semiconductor industry veteran Barry
 Cornell has been appointed vice president of operations and quality, reporting
 to president and CEO, Young Sohn.  Cornell will be responsible for quality and
 reliability, manufacturing, materials, foundry and fab relationships for Oak's
 optical storage and digital imaging operations.
     "Barry brings to this vital position a proven track record in achieving
 aggressive product cost targets and improving product margins while
 simultaneously achieving high customer satisfaction and quality levels," said
 Sohn.  "These skills combined with his extensive background in the
 semiconductor industry and his ability to coach and motivate managers and
 employees in a results-oriented environment will greatly assist Oak Technology
 in optimizing market opportunities as we move beyond the PC and office
 equipment space into consumer applications."
     "I am truly enthusiastic about joining Oak Technology," stated Cornell.
 "With its leadership position in the industry and positive corporate culture,
 I will be able to best apply my expertise in fostering strong customer and
 vendor relationships to build upon what is already a strong enterprise."
     Prior to joining Oak, Cornell was vice president, quality and reliability,
 programmable systems products division at STMicroelectronics.  Before
 STMicroelectronics, he spent nine years at WaferScale Integration where he
 served as vice president, quality and reliability, as well as director,
 product operations, and product line manager, logic and memory products.
 Previously, he served as a product engineering section manager and design
 engineering section manager for Advanced Micro Devices (AMD).  Cornell
 graduated with honors with an MS degree in Engineering Management from
 Stanford University and holds a B.S.E.E. from Cornell University.  He has been
 awarded two U.S. patents for circuit design.
 
     About Oak Technology
     Oak Technology, Inc., a leading provider of solutions for the storage,
 manipulation and distribution of digital content, is committed to driving the
 emerging world of connected Information Appliances.  The company's fully
 integrated products and technologies target two key markets:  optical storage
 (CD-RW and DVD for PC and consumer) and digital imaging (advanced copiers,
 printers, faxes, scanners and MFPs).  Founded in 1987, Oak is headquartered in
 Sunnyvale, Calif., and has sales offices, design centers and research
 facilities around the world.  The company trades on the Nasdaq Stock Exchange
 under the symbol OAKT.  Additional information about Oak and its digital
 solutions can be found at www.oaktech.com.
 
     "Safe Harbor" Statement under the Private Securities Litigation Reform Act
 of 1995:  In addition to the historical information contained herein,
 statements in this press release may contain forward-looking statements within
 the meaning of the Federal securities laws and are subject to the safe harbors
 created thereby.  Forward-looking statements herein include but not limited to
 the strength of the company's fundamental position, the company's belief in
 the industry-wide nature of the current slowdown, the short-term nature of the
 transition period, and the outlook for financial performance for the current
 quarter and beyond.  These statements involve risks and uncertainties and may
 differ materially from actual future events or results.  The following are
 among the factors that could cause actual outcome to differ materially from
 those set forth:  without limitation, the rate of adoption of new technology,
 the rate of growth of the CD-RW market, changes in product mix or distribution
 channels; the demand for semiconductors and end-user products that incorporate
 semiconductors; technological difficulties and resource constraints
 encountered in developing and/or introducing new products, and market
 acceptance of new products.  Forward-looking statements contained in this
 press release regarding expected financial results, industry trends, sales and
 future product development and business strategies and activities should be
 considered in light of these factors, and those factors discussed from time to
 time the Company's public reports filed with the Securities and Exchange
 Commission, such as those discussed in the Company's Annual Report on Form 10K
 for fiscal year ending June 30, 2000, and in quarterly reports on Form 10Q.
     NOTE:  Oak Technology is a registered trademark of Oak Technology, Inc.
 and the Oak logo is a common law trademark of Oak Technology, Inc.  All others
 are trademarks of their respective owners.
 
 

SOURCE Oak Technology, Inc.
    SUNNYVALE, Calif., April 12 /PRNewswire/ -- Oak Technology, Inc.
 (Nasdaq:   OAKT) announced today that semiconductor industry veteran Barry
 Cornell has been appointed vice president of operations and quality, reporting
 to president and CEO, Young Sohn.  Cornell will be responsible for quality and
 reliability, manufacturing, materials, foundry and fab relationships for Oak's
 optical storage and digital imaging operations.
     "Barry brings to this vital position a proven track record in achieving
 aggressive product cost targets and improving product margins while
 simultaneously achieving high customer satisfaction and quality levels," said
 Sohn.  "These skills combined with his extensive background in the
 semiconductor industry and his ability to coach and motivate managers and
 employees in a results-oriented environment will greatly assist Oak Technology
 in optimizing market opportunities as we move beyond the PC and office
 equipment space into consumer applications."
     "I am truly enthusiastic about joining Oak Technology," stated Cornell.
 "With its leadership position in the industry and positive corporate culture,
 I will be able to best apply my expertise in fostering strong customer and
 vendor relationships to build upon what is already a strong enterprise."
     Prior to joining Oak, Cornell was vice president, quality and reliability,
 programmable systems products division at STMicroelectronics.  Before
 STMicroelectronics, he spent nine years at WaferScale Integration where he
 served as vice president, quality and reliability, as well as director,
 product operations, and product line manager, logic and memory products.
 Previously, he served as a product engineering section manager and design
 engineering section manager for Advanced Micro Devices (AMD).  Cornell
 graduated with honors with an MS degree in Engineering Management from
 Stanford University and holds a B.S.E.E. from Cornell University.  He has been
 awarded two U.S. patents for circuit design.
 
     About Oak Technology
     Oak Technology, Inc., a leading provider of solutions for the storage,
 manipulation and distribution of digital content, is committed to driving the
 emerging world of connected Information Appliances.  The company's fully
 integrated products and technologies target two key markets:  optical storage
 (CD-RW and DVD for PC and consumer) and digital imaging (advanced copiers,
 printers, faxes, scanners and MFPs).  Founded in 1987, Oak is headquartered in
 Sunnyvale, Calif., and has sales offices, design centers and research
 facilities around the world.  The company trades on the Nasdaq Stock Exchange
 under the symbol OAKT.  Additional information about Oak and its digital
 solutions can be found at www.oaktech.com.
 
     "Safe Harbor" Statement under the Private Securities Litigation Reform Act
 of 1995:  In addition to the historical information contained herein,
 statements in this press release may contain forward-looking statements within
 the meaning of the Federal securities laws and are subject to the safe harbors
 created thereby.  Forward-looking statements herein include but not limited to
 the strength of the company's fundamental position, the company's belief in
 the industry-wide nature of the current slowdown, the short-term nature of the
 transition period, and the outlook for financial performance for the current
 quarter and beyond.  These statements involve risks and uncertainties and may
 differ materially from actual future events or results.  The following are
 among the factors that could cause actual outcome to differ materially from
 those set forth:  without limitation, the rate of adoption of new technology,
 the rate of growth of the CD-RW market, changes in product mix or distribution
 channels; the demand for semiconductors and end-user products that incorporate
 semiconductors; technological difficulties and resource constraints
 encountered in developing and/or introducing new products, and market
 acceptance of new products.  Forward-looking statements contained in this
 press release regarding expected financial results, industry trends, sales and
 future product development and business strategies and activities should be
 considered in light of these factors, and those factors discussed from time to
 time the Company's public reports filed with the Securities and Exchange
 Commission, such as those discussed in the Company's Annual Report on Form 10K
 for fiscal year ending June 30, 2000, and in quarterly reports on Form 10Q.
     NOTE:  Oak Technology is a registered trademark of Oak Technology, Inc.
 and the Oak logo is a common law trademark of Oak Technology, Inc.  All others
 are trademarks of their respective owners.
 
 SOURCE  Oak Technology, Inc.