Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.14

-8.6%

3:44 PM EST

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To: Richard Spitzer who wrote (202)	7/23/1996 9:16:00 PM
From: Richard Spitzer	of 3256

REDWOOD CITY, Calif.--(BUSINESS WIRE)--July 23, l996-- Ampex Corp reported today net income of approximately $4.0 million for the second quarter of 1996, resulting in both primary and fully diluted earnings per share of $0.09. As additional info, Ampex reported $.15 per share in 2Q 95. But $.12 of that was non-recurring royalties, so actually the .09 recurring is considerably better than last year. Also, revenues were up slightly from $24.0M to $24.4M Question remains, is this better or worse than expected?

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