SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Amendment No. 3
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
OAK TECHNOLOGY, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
(Title of Class of Securities)
671802106
(CUSIP Number)
RAJ RAJARATNAM
GALLEON ADVISORS, L.L.C.
135 EAST 57TH STREET
NEW YORK, NEW YORK 10022
(212) 371-2809
(Name, address and telephone number of person
authorized to receive notices and communications)
April 24, 1998
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(d)(e), 13d-1(f) or 13d-1(g), check
the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for purposes of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 24 Pages
<PAGE>
13D/A3
CUSIP No. 671802106
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Partners, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
333,148
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
333,148
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
333,148
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.8%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 24 Pages
<page
13D/A3
CUSIP No. 671802106
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Partners II, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
341,139
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
341,139
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
341,139
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.8%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 24 Pages
<page
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon International Fund, Ltd.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
687,573
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
687,573
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
687,573
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 24 Pages
<page
13D/A3
CUSIP No. 671802106
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Omni Fund Ltd.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
238,096
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
238,096
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
238,096
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 24 Pages
<page
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Polaris Prime Technology, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
- 0 -
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
- 0 -
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
- 0 -
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.0%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 24 Pages
<page
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Admirals, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
279,500
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
279,500
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
279,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 24 Pages
<page
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Management, L.P. (for one managed account)
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
OO
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
205,744
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
205,744
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
205,744
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.5%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 24 Pages
<PAGE>
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Management, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF, OO
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,131,413
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,131,413
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,131,413
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 24 Pages
<PAGE>
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Management, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,131,413
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,131,413
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,131,413
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 24 Pages
<PAGE>
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Advisors, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
953,787
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
953,787
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
953,787
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.3%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 24 Pages
<page
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Raj Rajaratnam
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
2,085,200
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,085,200
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,085,200
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
5.0% (4.97%)
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 24 Pages
<page
13D/A3
CUSIP No. 671802106
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Gary Rosenbach
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
2,085,200
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,085,200
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,085,200
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
5.0% (4.97%)
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 24 Pages
<page
This Amendment No. 3 ("Amendment No. 3") amends the statement on Schedule
13D which was filed on January 24, 1997 by the undersigned and Amendment No. 1
thereto filed by the undersigned on June 12, 1998 ("Amendment No. 1") and
Amendment No. 2 thereto filed by the undersigned on June 12, 1998 ("Amendment
No. 2") with respect to the common stock, $.001 par value per share ("Common
Stock") of Oak Technology, Inc. ("Oak"). The principal executive offices of
Oak are located at 139 Kifer Court, Sunnyvale, CA 94086.
Except as specifically provided herein, this Amendment No. 3 does not
modify any of the information previously reported on Schedule 13D, Amendment
No. 1 or Amendment No. 2.
* * *
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed by: (a) Galleon Partners, L.P. ("Domestic
Fund"); (b) Galleon Partners II, L.P. ("Domestic Fund II"); (c) Galleon
International Fund, Ltd. ("Offshore Fund"); (d) Galleon Omni Fund Ltd. ("Omni
Fund"); (e) Polaris Prime Technology, L.P. ("Polaris"); (f) Admirals, L.P.
("Admirals"); (g) Galleon Management, L.P. ("Management LP"); (h) Galleon
Management, L.L.C. ("Management LLC"); (i) Galleon Advisors, L.L.C.
("Advisors"); (j) Raj Rajaratnam ("Rajaratnam"); and (k) Gary Rosenbach
("Rosenbach"). The persons listed in (a) through (k) above are collectively
referred to herein as the "Reporting Persons" and information regarding each
Reporting Person is set forth below.
Domestic Fund is a Delaware limited partnership with its principal place
of business located at 135 East 57th Street, New York, New York 10022. The
principal business of Domestic Fund, a private investment partnership, is to
achieve long-term capital appreciation primarily through investments in equity
securities. Rajaratnam is the managing member of Advisors, the general
partner of Domestic Fund.
Domestic Fund II is a Delaware limited partnership with its principal
place of business located at 135 East 57th Street, New York, New York 10022.
The principal business of Domestic Fund II, a private investment partnership,
is to achieve long-term capital appreciation primarily through investments in
equity securities. Rajaratnam and Rosenbach are the managing members of
Advisors, the general partner of Domestic Fund II.
Offshore Fund is a company incorporated under the laws of Bermuda with
its principal place of business located at 6 Front Street, Hamilton HM11,
Bermuda. The principal business of Offshore Fund, a private investment fund,
is to achieve long-term capital appreciation primarily through investments in
equity securities. Management LP is the investment advisor to Offshore Fund.
Management LLC is the general partner of Management LP. Rajaratnam and
Rosenbach are the managing members of Management LLC.
Omni Fund is a company incorporated under the laws of the British Virgin
Islands with its principal place of business located at Charlotte House,
Charlotte Street, P.O. Box N-9204, Nassau, Bahamas. The principal business of
Omni Fund, a private investment fund, is to achieve long-term capital
appreciation primarily through investments in equity securities. Management
LP is the investment advisor to Omni Fund. Management LLC is the general
partner of Management LP. Rajaratnam and Rosenbach are the managing members of
Management LLC.
Page 14 of 24 Pages
<page
Polaris is a Delaware limited partnership with its principal place of
business located at 171 Church Street, Suite 330, Charleston, South Carolina
29401. The primary business objective of Polaris, a private investment fund,
is to achieve long-term capital appreciation primarily through investments in
equity securities. Management LP is the investment advisor to Polaris.
Management LLC is the general partner of Management LP. Rajaratnam and
Rosenbach are the managing members of Management LLC.
Admirals is a Delaware limited partnership with its principal place of
business located at 135 East 57th Street, New York, New York 10022. The
primary business objective of Admirals, a private investment partnership, is
to achieve long-term capital appreciation primarily through investments in
equity securities. Rajaratnam and Rosenbach are the managing members of
Advisors, the general partner of Admirals.
Management LP is a Delaware limited partnership with its principal place
of business located at 135 East 57th Street, New York, New York 10022. The
principal business of Management LP is to provide investment management
services and to serve as investment advisor to Offshore Fund, Omni Fund,
Polaris and one managed account. Management LLC is the general partner of
Management LP. Rajaratnam and Rosenbach are the managing members of
Management LLC.
Management LLC is a Delaware limited liability company with its principal
place of business located at 135 East 57th Street, New York, New York 10022.
The principal business of Management LLC is to serve as the general partner of
Management LP. Rajaratnam and Rosenbach are the managing members of
Management LLC.
Advisors is a Delaware limited liability company with its principal place
of business located at 135 East 57th Street, New York, New York 10022. The
principal business of Advisors is to serve as the general partner of and
provide investment advice to Domestic Fund, Domestic Fund II and Admirals.
Rajaratnam and Rosenbach are the managing members of Advisors.
Rajaratnam is a U.S. citizen and the managing member of both Management
LLC and Advisors. The principal place of business of Rajaratnam is 135 East
57th Street, New York, NY 10022. Through Advisors and Management LLC,
Rajaratnam has investment discretion for the investment portfolios of Domestic
Fund, Domestic Fund II, Offshore Fund, Omni Fund, Polaris and one managed
account.
Rosenbach is a U.S. citizen and the managing member of both Management
LLC and Advisors. The principal place of business of Rosenbach is 135 East
57th Street, New York, NY 10022. Through Advisors and Management LLC,
Rosenbach has investment discretion for the investment portfolios of Domestic
Fund, Domestic Fund II, Offshore Fund, Omni Fund, Polaris and one managed
account.
None of the persons described in this Item 2, during the last five years
(a) has been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (b) was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
Page 15 of 24 Pages
<PAGE>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate number of shares of Common Stock purchased by each
Reporting Person and the net investment cost of such shares is as follows:
Aggregate Net
Name # of Shares Investment Cost
---- ----------- ---------------
Domestic Fund 333,148 $ 3,373,289
Domestic Fund II 341,139 $ 3,217,917
Offshore Fund 687,573 $ 5,824,309
Omni Fund 238,096 $ 2,223,109
Polaris 0 $ 0
Admirals 279,500 $ 2,378,534
Management LP 205,744 $ 1,723,015
(for one managed account)
The source of the funds used to make the purchases of the Common Stock
was working capital and no part of the purchase price was represented by funds
or other consideration specially borrowed or otherwise specifically obtained
for the purpose of acquiring, holding, trading or voting the securities.
The Common Stock beneficially owned by Domestic Fund, Domestic Fund II,
Offshore Fund, Omni Fund and Management LP (for one managed account) is held
in margin accounts at Morgan Stanley & Co., Incorporated and the Common Stock
beneficially owned by Admirals is held in a margin account at NationsBanc
Montgomery Securities LLC, all of which accounts may, from time to time, have
debit balances. Since other securities are held in such margin accounts, it
is not possible to determine the amount, if any, of margin used with respect
to the Common Stock purchased. Currently, the interest rate charged on the
margin accounts at Morgan Stanley & Co., Incorporated is 6.625% per annum and
at NationsBanc Montgomery Securities LLC is 7.03% per annum.
* * *
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The aggregate number and percentage of Common Stock beneficially
owned by the Reporting Persons is enumerated below:
Number of Percentage of
Name Common Shares Common Shares
- ---- ------------- -------------
Domestic Fund 333,148 0.8%
Domestic Fund II 341,139 0.8%
Offshore Fund 687,573 1.6%
Omni Fund 238,096 0.6%
Polaris 0 0.0%
Admirals 279,500 0.7%
Management LP 205,744 0.5%
(for one managed account)
Page 16 of 24 Pages
<page
The Reporting Persons own in the aggregate 2,085,200 (4.97%) of the
outstanding shares of Common Stock of Oak.
The approximate aggregate percentage of shares of Common Stock
beneficially owned by each Reporting Person herein is based on 41,933,225
shares outstanding, which is the total number of shares of Common Stock
outstanding as of December 31, 1997, as reflected in Oak's quarterly report on
Form 10-Q filed with the Securities and Exchange Commission (the "SEC") for
the fiscal quarter ended December 31, 1997 (which as of April 24, 1998 was the
most recent Form 10-Q on file with the SEC).
(b) The power to vote the Common Stock with respect to each Reporting
Person noted in paragraph (a) above is as set forth on the cover sheet for
such Reporting Person.
Management LP does not directly own any of the Common Stock. Management
LP may be deemed to indirectly beneficially own 1,131,413 shares of Common
Stock by virtue of its investment advisory relationships with Offshore Fund,
Omni Fund, Polaris and one managed account pursuant to which Management LP
provides discretionary investment advisory services.
Management LLC does not directly own any of the Common Stock.
Management LLC may be deemed to indirectly beneficially own 1,131,413 shares
of Common Stock by virtue of its position as general partner of Management LP.
Advisors does not directly own any of the Common Stock. Advisors may be
deemed to indirectly beneficially own 953,787 shares of Common Stock by virtue
of its position as general partner of Domestic Fund, Domestic Fund II and
Admirals.
Rajaratnam does not directly own any of the Common Stock. Rajaratnam may
be deemed to indirectly beneficially own 2,085,200 shares of Common Stock as
managing member of both Advisors and Management LLC.
Rosenbach does not directly own any of the Common Stock. Rosenbach may
be deemed to indirectly beneficially own 2,085,200 shares of Common Stock as
managing member of both Advisors and Management LLC.
(c) The following is a list of transactions during the 60 day period
prior to and including April 24, 1998 involving the Common Stock of Oak by the
Reporting Persons named herein.
No. of Shares
Name Date purchased/(sold) Price/Share
- ---- ---- ---------------- -----------
Domestic Fund 2/20/98 400 $ 6.1250
2/20/98 (33,050) 6.0625
2/26/98 100 6.4375
2/26/98 1,550 6.3125
2/26/98 (14,500) 6.3125
2/27/98 5,460 6.6607
2/27/98 5,980 6.3750
2/27/98 7,462 6.6833
2/27/98 7,800 6.7854
2/27/98 (500) 7.0000
3/02/98 (14,100) 6.7917
3/24/98 450 6.6563
3/26/98 (4,700) 6.5000
3/27/98 (4,700) 6.4375
4/08/98 200 5.9688
4/13/98 600 6.1200
Page 17 of 24 Pages
<PAGE>
4/15/98 850 6.3835
4/16/98 650 6.4688
4/16/98 1,700 6.4375
4/16/98 3,650 6.4368
4/16/98 (10,000) 6.4479
4/17/98 250 6.4375
4/17/98 1,200 6.5000
4/20/98 (900) 6.4375
4/20/98 (9,250) 6.4688
4/21/98 250 6.4688
4/21/98 1,200 6.5000
4/23/98 (1,550) 6.0000
4/23/98 (4,600) 6.0000
4/23/98 (7,650) 6.0000
4/24/98 (925) 6.0000
4/24/98 (1,178) 6.0000
4/24/98 (1,825) 6.0000
4/24/98 (2,422) 6.0000
4/24/98 (5,600) 6.0000
Domestic Fund II 2/20/98 650 $ 6.1250
2/20/98 (32,200) 6.0625
2/26/98 150 6.4375
2/26/98 2,350 6.3125
2/26/98 (14,200) 6.3125
2/27/98 7,980 6.6607
2/27/98 8,740 6.3750
2/27/98 10,906 6.6833
2/27/98 11,400 6.7854
2/27/98 (550) 7.0000
3/02/98 (14,200) 6.7917
3/24/98 700 6.6563
3/26/98 (4,750) 6.5000
3/27/98 (4,750) 6.4375
4/08/98 250 5.9688
4/13/98 900 6.1200
4/15/98 1,250 6.3835
4/16/98 1,000 6.4688
4/16/98 2,550 6.4375
4/16/98 5,450 6.4368
4/16/98 (9) 6.4479
4/16/98 (10,191) 6.4479
4/17/98 350 6.4375
4/17/98 1,800 6.5000
4/20/98 (950) 6.4375
4/20/98 (2,411) 6.4688
4/20/98 (3,251) 6.4688
4/20/98 (3,788) 6.4688
4/21/98 350 6.4688
4/21/98 1,800 6.5000
4/23/98 (144) 6.0000
4/23/98 (264) 6.0000
4/23/98 (368) 6.0000
4/23/98 (1,199) 6.0000
4/23/98 (2,031) 6.0000
Page 18 of 24 Pages
<PAGE>
4/23/98 (2,135) 6.0000
4/23/98 (2,639) 6.0000
4/23/98 (2,651) 6.0000
4/23/98 (2,669) 6.0000
4/23/98 (144) 6.0000
4/23/98 (264) 6.0000
4/23/98 (368) 6.0000
4/23/98 (1,199) 6.0000
4/23/98 (2,031) 6.0000
4/23/98 (2,135) 6.0000
4/23/98 (2,639) 6.0000
4/23/98 (2,651) 6.0000
4/23/98 (2,669) 6.0000
4/24/98 (2,859) 6.0000
4/24/98 (9,450) 6.0000
Offshore Fund 2/20/98 1,900 $ 6.1250
2/20/98 (60,450) 6.0625
2/26/98 500 6.4375
2/26/98 7,050 6.3125
2/26/98 (26,700) 6.3125
2/27/98 23,940 6.6607
2/27/98 26,220 6.3750
2/27/98 32,718 6.6833
2/27/98 34,200 6.7854
2/27/98 (1,050) 7.0000
3/2/98 (28,300) 6.7917
3/24/98 1,850 6.6563
3/26/98 (9,450) 6.5000
3/27/98 (9,450) 6.4375
4/8/98 650 5.9688
4/13/98 2,200 6.1200
4/15/98 3,050 6.3835
4/16/98 2,400 6.4688
4/16/98 6,100 6.4375
4/16/98 13,200 6.4368
4/16/98 (2,553) 6.4479
4/16/98 (17,947) 6.4479
4/17/98 850 6.4375
4/17/98 4,350 6.5000
4/20/98 (1,900) 6.4375
4/20/98 (19,000) 6.4688
4/21/98 850 6.4699
4/21/98 4,350 6.5000
4/23/98 (9,500) 6.0000
4/23/98 (19,500) 6.0000
4/24/98 (5,700) 6.0000
4/24/98 (19,900) 6.0000
Omni Fund 2/20/98 400 $ 6.1250
2/20/98 (23,450) 6.0625
2/26/98 100 6.4375
2/26/98 1,400 6.3125
2/26/98 (10,300) 6.3125
Page 19 of 24 Pages
<PAGE>
2/27/98 4,620 6.6607
2/27/98 5,060 6.3750
2/27/98 6,314 6.6833
2/27/98 6,600 6.7854
2/27/98 (400) 7.0000
3/2/98 (10,100) 6.7917
3/24/98 250 6.6563
3/26/98 (3,350) 6.5000
3/27/98 (3,350) 6.4375
4/8/98 100 5.9688
4/13/98 300 6.1200
4/15/98 450 6.3835
4/16/98 350 6.4688
4/16/98 900 6.4375
4/16/98 1,950 6.4368
4/16/98 (3,452) 6.4479
4/16/98 (3,698) 6.4479
4/17/98 150 6.4375
4/17/98 650 6.5000
4/20/98 (650) 6.4375
4/20/98 (702) 6.4688
4/20/98 (5,898) 6.4688
4/21/98 150 6.4688
4/21/98 650 6.5000
4/23/98 (3,300) 6.0000
4/23/98 (6,600) 6.0000
4/24/98 (2,000) 6.0000
4/24/98 (3,300) 6.0000
4/24/98 (6,600) 6.0000
Polaris 2/25/98 (5,000) $ 6.0787
2/25/98 (10,000) 6.0787
2/26/98 (25,000) 6.3113
3/6/98 (25,000) 6.1238
Admirals 3/2/98 (11,400) $ 7.0323
3/2/98 (3,100) 7.0323
Management LP 2/20/98 650 6.1250
(for one managed 2/20/98 (20,850) 6.0625
account) 2/26/98 150 6.4375
2/26/98 2,450 6.3125
2/26/98 (9,300) 6.3125
2/27/98 (300) 7.0000
3/02/98 (8,300) 6.7917
3/24/98 750 6.6563
3/26/98 (2,750) 6.5000
3/27/98 (2,750) 6.4375
4/03/98 300 5.9688
4/13/98 1,000 6.1200
4/15/98 1,400 6.3835
4/16/98 1,100 6.4633
Page 20 of 24 Pages
<PAGE>
4/16/98 2,750 6.4375
4/16/98 5,950 6.4368
4/16/98 (6,150) 6.4479
4/16/98 (2,100) 6.5000
4/17/98 400 6.4375
4/17/98 2,000 6.5000
4/20/98 (600) 6.4375
4/20/98 (1,601) 6.4688
4/20/98 (1,820) 6.4688
4/20/98 (2,279) 6.4688
4/23/98 (2,900) 6.0000
4/23/98 (5,800) 6.0000
4/24/98 (1,651) 6.0000
4/24/98 (1,700) 6.0000
4/24/98 (4,099) 6.0000
The Common Stock transactions noted above were executed by the Reporting
Persons in the over-the-counter market through brokerage transactions in the
ordinary course of business.
(d) Except as set forth above, no other person is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities.
(e) As of April 24, 1998 the Reporting Persons ceased to be the
beneficial owners of more than five percent of the Common Stock of Oak.
* * *
Page 21 of 24 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
DATED: June 12, 1998 GALLEON PARTNERS, L.P.
By: Galleon Advisors, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON PARTNERS II, L.P.
By: Galleon Advisors, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON INTERNATIONAL FUND, LTD.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON OMNI FUND LTD.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
Page 22 of 24 Pages
<page
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
POLARIS PRIME TECHNOLOGY, L.P.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
___________________________
Raj Rajaratnam
Managing Member
ADMIRALS, L.P.
By: Galleon Advisors, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
___________________________
Raj Rajaratnam
Managing Member
GALLEON MANAGEMENT, L.P.
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
Page 23 of 24 Pages
<PAGE>
GALLEON MANAGEMENT, L.L.C.
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON ADVISORS, L.L.C.
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
RAJ RAJARATNAM
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GARY ROSENBACH
By: /s/ Gary Rosenbach
_____________________________
Gary Rosenbach
Page 24 of 24 Pages
<PAGE>
