IS JANNARD FEELING VENGE-PHIL? WILL OAKLEY BECOME PRIVATE?

          As the sneaker industry "primes for its busiest time of
     the year," Oakley is "ambitiously launching" a new line of
     footwear, the $90 "ShoeTwo," in 600 stores nationwide,
     according to Eric Moskowitz of THESTREET.com.  But there are
     "growing concerns" that Oakley Chair Jim Jannard is "so
     driven to succeed in footwear that he has lost sight of what
     made" Oakley a "Wall Street darling" in '95.  Investors
     "apparently share these concerns," as Oakley stock has
     dropped from about $15 a share a year ago to about $9.
     Greenville Capital Management's Dick Gould, who sold his
     Oakley stock in December, on Jannard's "zeal" to top Nike
     Chair Phil Knight: "I think Oakley has the best sunglasses
     on the market, but the Nike thing is just killing them." 
     With shareholders "abandoning him," there has been "talk" of
     Jannard taking the company private, so he can "wage his
     battle without shareholder oversight" (THESTREET.com, 5/11).