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Technology Stocks : Ampex Corp: Digital Storage
AMPX 12.44-8.4%Jan 30 9:30 AM EST
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To: Don MacNeil who wrote (644)11/21/1996 8:44:00 PM
From: Neil Ganz   of 3256
 
>>Appell said the multiple on earnings from Keepered Media
should be anywhere from 25 percent to 35 percent. "This would
add anywhere from $2.55 to $70 to the stock price, depending on
penetration rates and multiples," he said.<<

My interpretation: The P/E ("multiple on earnings") would be 25 to 35 "depending on ... multiples" (forget that it says "percent") , so an increase in earnings of $1 to $2 per share would result in an additional $25 (not $2.55) to $70 in the price.

...guessing

Here let me say THANKS to all the people behind this board!
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