The company's stock leaped over 16 percent to trade as high as 14, up from yesterday's close of 12-1/16.
The company recently announced net income of $13.2 million for its fourth quarter of 1996, a decrease from $18.2 million for the same quarter a year earlier. The company's revenues also dropped to $47.6 million for the quarter from $83.7 million a year ago.
"There are definitely in a recovery mode," said Chaplinsky. "But the fundamentals indicate that the inventory correction is behind us. The key point is strong business outlook, as well as order and booking trends for CD-ROM controlers look very strong for Oak, which increases our confidence.
He added that the company's stock is undervalued and said it should be trading around 16 or 18 based on current market conditions.
Mercury moves up
The company's stock advanced over 5 percent to trade as high as 15, up from yesterday's close of 14-1/4.
Ingram set to
Deutsche set a 12-month price target of $25-$26 a share.
This follows Ingram's announcement that it has received ISO 9002 registration from KPMG Quality Registrar.
ISO standards are part of a globally recognized quality standard system established by the International Organization for Standardization in Geneva, Switzerland, and adopted by over 90 countries worldwide.
BDM gets upped
BDM International (BDMI), a provider of information technology systems and services, has been upgraded by Lehman Brothers analyst Patrick Burton to a "buy" from an "outperform" based on price weakness.
The company's stock was up over seven percent to trade as high as 47, up from yesterday's close of 43-1/4.
The company recently announced its year-end net income for 1996 increased 48 percent to $27.3 million, up from $18.4 million in 1995.
Tandy picked up at
The company's stock was trading at 47-3/8, unchanged from yesterday's close.
Reuters contributed to this report.