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Technology Stocks : Ampex Corp: Digital Storage
AMPX 10.56-14.8%3:59 PM EST
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To: Gus who wrote (527)11/7/1996 12:30:00 AM
From: Hal Campbell   of 3256
 
Thanks again Gus. Interesting. I have heard both negative and positive stories about AXC product support. The negative lumped around their dwindling TV aftermarket business. My opinion? In a nutshell ... I think they have handled this transitional year with aplomb. With the shipping of the DST810 and the '97 completion of the "virtual disk" software support, I think the DST train is just beginning to leave the station. They don't really have to dominate the industry to markedly improve on 95 million in revenues. And over the next three years I think they will grow briskly. I think they are walking a tightrope with KM. But if they make it to the other end,as you say, their corporate credibility will grow, and a nice glow will be added to the potential of their other patents. And of course, if they can someday mate KM and their own preamp to MR heads, the financial bonanza would be astonishing.So, like everyone, I'm hoping. As a quick note, I bought what for me was alot of this stock at 2.63 per share. Ignored the spring surge in hopes of someday seeing the 30s or higher in this issue. Might have made the classic mistake of "falling in love" with a stock. I'm still not quite convinced of that. Time will tell. Good luck to the board!
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