Ampex Corp: Digital Storage Message Board

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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: DrGamble who wrote (657)	11/23/1996 12:41:00 PM
From: Andrew Q. Viet	of 3256

I have been following AXC for quite a while since it was on the pink sheets. Yet in the past AXC failed to capitalize on their inventions and because of that the company ran into troubles. Ampex still has an image problem due to its past. Through LBO Ed Bramson, the CEO, acquired Ampex and he has been lifting the company out of the sinkhole. The name is the same, but it is an entirely different company. About 80% of revenues are derived from recent technologies. Another point for you to contemplate on the future of the company: Ed Bramson has more than 8 millions shares of AXC. He is a very shrewd investor and he is very conservative about the financial and technological conditions of the company. I hope we all will celebrate soon. Good luck

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