This is from last Friday afternoon (the date says
Thursday, but the Reuters timestamp was Friday at
1:10pm). Looks like just a
repeat of Thursday's comments from Dabney/Resnick. Again,
I'd like to know if these analysts are just reading the
3rd quarter 10Q, or if they know something that we (I)
don't.
William
----------------
REDWOOD CITY, Calif., Nov 21 (Reuter) - Ampex Corp shares
was most active traded stock on the American Stock Exchange on
Friday, on speculation the company would receive an order for
its Keepered Media product this year, an analyst said.
But Ampex said it had issued no news which would account
for the increased trading activity in its shares.
Steve Ossad, an analyst at Genesis Merchant Securities,
said there was growing belief that Ampex would receive a first
purchase order for Keepered Media from a major disk drive
supplier before year-end.
On Wednesday Dabney Resnick analyst Eric Appell reiterated
his strong buy on Ampex for that reason, and the shares rose
2-3/8 to 9-1/2. Keepered Media is a technology for disks which
go into disk drives, Appell said.
Ampex shares were trading at 10-1/8, up 5/8, on Friday on
volume of 1.46 million shares.
Ampex reiterated that it could not comment on future orders. |
