SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Amendment No. 2
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)
September 22, 1997
(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 23 Pages
<PAGE>
13D/A2
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
450,216
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
450,216
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 450,216
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 1.1%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 23 Pages
<PAGE>
13D/A2
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
433,958
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
433,958
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
433,958
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.0%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 23 Pages
<PAGE>
13D/A2
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
812,144
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
812,144
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
812,144
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.0%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 23 Pages
<PAGE>
13D/A2
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
317,513
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
317,513
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
317,513
_____________________________________________________________________________
(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 **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 23 Pages
<PAGE>
13D/A2
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
75,000
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
75,000
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
75,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.2%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 23 Pages
<PAGE>
13D/A2
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
100,000
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
100,000
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
100,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.2%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 23 Pages
<PAGE>
13D/A2
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
278,759
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
278,759
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
278,759
_____________________________________________________________________________
(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 8 of 23 Pages
<PAGE>
13D/A2
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
1,483,416
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,483,416
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,483,416
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 23 Pages
<PAGE>
13D/A2
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
1,483,416
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,483,416
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,483,416
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 23 Pages
<PAGE>
13D/A2
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
984,174
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
984,174
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
984,174
_____________________________________________________________________________
(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 23 Pages
<PAGE>
13D/A2
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 ______________________________________________________________
(8) SHARED VOTING POWER
2,467,590
BENEFICIALLY
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,467,590
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,467,590
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.0%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 23 Pages
<PAGE>
13D/A2
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
2,467,590
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,467,590
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,467,590
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.0%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 23 Pages
<PAGE>
This Amendment No. 2 ("Amendment No. 2") 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")) 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. 2 does not
modify any of the information previously reported on Schedule 13D or Amendment
No. 1.
* * *
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 and Rosenbach are the managing members 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 23 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, Admirals 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, Admirals 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 23 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 450,216 $ 5,505,487
Domestic Fund II 433,958 $ 5,240,116
Offshore Fund 812,144 $ 8,685,447
Omni Fund 317,513 $ 3,428,396
Polaris 75,000 $ 736,165
Admirals 100,000 $ 909,596
Management LP
(for one managed account) 278,759 $ 2,517,937
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 and Omni Fund is held in margin accounts at Morgan Stanley &
Co., Incorporated, the Common Stock beneficially owned by Polaris is held in a
margin account at Bear, Stearns & Co., 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, at Bear, Stearns & Co.
is 6.75% per annum and at NationsBanc Montgomery Securities LLC is 7.04% 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 450,216 1.1%
Domestic Fund II 433,958 1.0%
Offshore Fund 812,144 2.0%
Omni Fund 317,513 0.8%
Polaris 75,000 0.2%
Admirals 100,000 0.2%
Management LP
(for one managed account) 278,759 0.7%
Page 16 of 23 Pages
<PAGE>
The Reporting Persons own in the aggregate 2,467,590 (6.0%) 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 41,086,754
shares outstanding, which is the total number of shares of Common Stock
outstanding as of June 30, 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 June 30, 1997 (which as of September 22, 1997 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 1,483,416 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 1,483,416 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 984,174 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 2,467,590 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 2,467,590 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 September 22, 1997 involving the Common Stock of Oak by
the Reporting Persons named herein.
No. of Shares
Name Date purchased/(sold) Price/Share
- ---- ---- ---------------- -----------
Domestic Fund 7/22/97 1,440 $ 10.9049
7/24/97 7,875 10.5980
7/28/97 1,922 11.9375
7/28/97 (2,700) 12.0625
7/28/97 (7,500 12.0625
7/29/97 3,000 11.7431
7/31/97 3,000 11.1875
8/04/97 (13,500) 11.6250
8/05/97 600 12.0078
8/08/97 2,250 10.9375
8/14/97 (3,750) 10.7500
8/18/97 2,250 10.4375
8/20/97 930 10.8327
8/27/97 (3,750) 11.4375
8/28/97 1,275 11.2206
9/02/97 1,610 11.3750
9/02/97 (2,240) 11.1875
9/03/97 (350) 11.3125
Page 17 of 23 Pages
<page
9/03/97 (3,500 11.2500
9/03/97 (14,000 10.8750
9/05/97 210 11.2500
9/05/97 (2,100 10.7500
9/05/97 (11,900 10.9853
9/08/97 (2,047) 11.3125
9/12/97 1,400 11.9375
9/12/97 3,360 12.0763
9/17/97 (3,500 11.0625
9/17/97 (4,956) 11.3750
9/22/97 (25,200) 11.5087
Domestic Fund II 7/22/97 1,728 $ 10.9049
7/24/97 9,450 10.5980
7/28/97 2,305 11.9375
7/28/97 (3,240) 12.0625
7/28/97 (9,000 12.0625
7/29/97 3,600 11.7431
7/31/97 3,600 11.1875
8/04/97 (17,100 11.6250
8/05/97 760 12.0078
8/08/97 2,850 10.9375
8/14/97 (4,750) 10.7500
8/18/97 2,850 10.4375
8/20/97 1,178 10.8327
8/27/97 (4,750) 11.4375
8/28/97 1,615 11.2206
9/02/97 2,185 11.3750
9/02/97 (3,040) 11.1875
9/03/97 (475) 11.3125
9/03/97 (4,750) 11.2500
9/03/97 (19,000) 10.8750
9/05/97 285 11.2500
9/05/97 (2,850) 10.7500
9/05/97 (16,150) 10.9853
9/08/97 (2,775) 11.3125
9/12/97 1,900 11.9375
9/12/97 4,560 12.0763
9/17/97 (4,750) 11.0625
9/17/97 (6,726) 11.3750
9/22/97 (34,200 11.5087
Offshore Fund 7/22/97 4,128 $ 10.9049
7/24/97 22,575 10.5980
7/28/97 5,507 11.9375
7/28/97 (7,740) 12.0625
7/28/97 (21,500) 12.0625
7/29/97 8,600 11.7431
7/31/97 8,600 11.1875
8/4/97 (38,700) 11.6250
8/5/97 1,720 12.0078
8/8/97 6,450 10.9375
8/14/97 (10,750) 10.7500
8/18/97 6,450 10.4375
8/20/97 2,666 10.8327
8/27/97 (10,750) 11.4375
Page 18 of 23 Pages
<page
8/28/97 3,655 11.2206
9/2/97 4,830 11.3750
9/2/97 (6,720) 11.1375
9/3/97 (1,050) 11.3125
9/3/97 (10,500) 11.2500
9/3/97 (42,000) 10.8750
9/5/97 630 11.2500
9/5/97 (6,300) 10.7500
9/5/97 (35,700) 10.9853
9/8/97 (6,134) 11.3125
9/12/97 4,200 11.9375
9/12/97 10,080 12.0763
9/17/97 (10,500) 11.0625
9/17/97 (14,868) 11.3750
9/22/97 (75,600) 11.5087
Omni Fund 7/22/97 864 $ 10.9049
7/24/97 4,725 10.5980
7/28/97 1,152 11.9375
7/28/97 (1,620) 12.0625
7/28/97 (4,500) 12.0625
7/29/97 1,800 11.7431
7/31/97 1,800 11.1875
8/4/97 (7,200) 11.6250
8/5/97 320 12.0078
8/8/97 1,200 10.9375
8/14/97 (2,000) 10.7500
8/18/97 1,200 10.4375
8/20/97 496 10.8327
8/27/97 (2,000) 11.4375
8/28/97 680 11.2206
9/2/97 1,150 11.3750
9/2/97 (1,600) 11.1875
9/3/97 (250) 11.3125
9/3/97 (2,500) 11.2500
9/3/97 (10,000) 10.8750
9/5/97 150 11.2500
9/5/97 (1,500) 10.7500
9/5/97 (8,500) 10.9853
9/8/97 (1,460) 11.3125
9/12/97 1,000 11.9375
9/12/97 2,400 12.0763
9/17/97 (2,500) 11.0625
9/17/97 (3,540) 11.3750
9/22/97 (18,000) 11.5087
Polaris 8/20/97 (19,000) $ 11.0008
8/25/97 (31,000) 10.7069
9/4/97 (25,000) 10.5686
Admirals 9/4/97 2,000 $ 10.5925
9/8/97 17,000 11.4675
9/9/97 (10,000) 11.7196
9/11/97 2,000 11.5925
9/17/97 (2,000) 11.3746
9/17/97 (7,000) 11.3746
Page 19 of 23 Pages
<PAGE>
9/17/97 (2,000) 11.3746
9/17/97 (1,000) 11.3746
9/17/97 (7,600) 11.3746
Management LP
(for one managed 7/22/97 1,440 10.9049
account) 7/24/97 7,875 10.5980
7/28/97 1,921 11.9375
7/28/97 (2,700) 12.0625
7/28/97 (7,500) 12.0625
7/29/97 3,000 11.7431
7/31/97 3,000 11.1675
8/04/97 (13,500) 11.6250
8/05/97 600 12.0078
8/08/97 2,250 10.9375
8/14/97 (3,750) 10.7500
8/18/97 2,250 10.4375
8/20/97 930 10.8327
8/27/97 (3,750) 11.4375
8/28/97 1,275 11.2206
9/02/97 1,725 11.3750
9/02/97 (24,000) 11.1375
9/03/97 (375) 11.3125
9/03/97 (3,750) 11.2500
9/03/97 (15,000) 10.8750
9/05/97 225 11.2500
9/05/97 (2,500) 10.7500
9/05/97 (12,750) 10.9853
9/06/97 (2,191) 11.3125
9/12/97 1,500 11.9375
9/12/97 3,600 12.0763
9/17/97 (3,750) 11.0625
9/17/97 (5,310) 11.3750
9/22/97 (27,000) 11.5087
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) Not applicable.
* * *
Page 20 of 23 Pages
<PAGE>
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
Page 21 of 23 Pages
<PAGE>
GALLEON OMNI 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
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
GALLEON MANAGEMENT, L.L.C.
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
Page 22 of 23 Pages
<page
GALLEON ADVISORS, L.L.C.
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
RAJ RAJARATNAM
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
GARY ROSENBACH
By: /s/ Gary Rosenbach
_____________________________
Gary Rosenbach
Page 23 of 23 Pages
<PAGE>
