OAK TECHNOLOGY POSTS SIGNIFICANT REVENUE GROWTH AND IMPROVED PROFITABILITY IN THIRD FISCAL QUARTER

4/23/2002 - Oak Technology, Inc. (Nasdaq: OAKT), a leading provider of embedded software and semiconductor solutions for the optical storage and digital imaging markets, today announced for the third quarter of fiscal 2002, ended March 31, 2002, net revenues of $42.1 million, a 52-percent increase over net revenues of $27.7 million recorded in the third quarter of fiscal 2001. Net revenues for the third quarter of fiscal 2002 also represented a 16-percent sequential improvement compared with $36.3 million posted in the second quarter of fiscal 2002.

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