Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.98

+3.4%

Jan 28 3:59 PM EST

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To: jonggua who wrote (894)	12/12/1996 4:09:00 PM
From: Gus	of 3256

James: Thanks for the Mitsubishi info. I agree with your estimates re: lawsuit settlement. If anything they may be conservative. Remember that Ampex filed the original lawsuit in Delaware alleging breach of license agreement AND patent infringement. The Mitsubishi countersuit, filed in California, alleges patent infringement only. Using the recent TI/Samsung settlement as a model, we can assume that Mitusbishi will have to pay the lawyers' fees (at least $3.0 million), some catch-up payments (the license agreeement presumably expired in 1995), and whatever punitive damages the jury will slap on Mitsubishi. What tilts the odds in AXC's favor is that its core VHS/8mm patents are relatively well-established, part of the industry lore as a matter of fact. In 1995 Ampex even increased the number of licensees. Keep on posting, man. Gus

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