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"Ampex Corp. (AXC,$9) is a turnaround waiting to happen. This former technology stinker seems to be shaking off its star crossed past. AXC discovered , and was teh first to commercialize ,the wonders of magnetic recording back at the close of World War II. Though it has been stripped of its audiotape recording and dedia businesses, it still has over 7,000 patents to its name . The company stands as one of the last suppliersof high-tech digital recording and tape-storage equipment for the TV production industry, the military, and the corporate records market. Neverone to let interlopers absecond with its achievements, it has been vigorously and successfully pursuing compenstation claims for infringements on the patents it holds in videotape recording technology, television special effects, and countless other specialties. What is not well understood about AXC is the enormous potential of its "keepered media" technology , if this is adopted by the computer hard -drive industry. The company's existiong operations are marginally profitable, and the earnings they generate (estimated at $0.34 for 1996) , plus the royalties won from the patent-infringement litigation, have continued to fund leading -edge research and development in the magnetic recording sciences. The simple process of 'KEEPERING" magnetic storage media during the production of hard drive apparently can boost memory density by 10 to 30 percent, depending non the advanced head technology used. When you consider that over 150 million hard drives were produced and sold last year, a figure expected to mushrooms soon to 600 million, you begin to grasp the dimensions of AXC's opportunity. The adoption of its keepering technology could testore the glit-edged scientific luster AXC once engoyed , not to mntion profits, which would enjoy a substantial rebound." |
