In advance of its annual shareholders' meeting, Oakley, Inc. (NYSE:OO) today announced that, based on current sales trends, the company expects to report net sales in excess of $90 million and earnings of at least $0.21 per diluted share in the second quarter ending June 30, 2000. These results would represent increases of approximately 25 percent and 40 percent, respectively, compared to net sales of $72.