Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 8.900

-3.4%

12:27 PM EST

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To: DrD who wrote (6115)	3/8/1999 11:31:00 PM
From: DennyKrane	of 17679

Remember Maxtor's agreement with ampex? Is it still in effect? Just guessing, but I wonder, (hope)is this is related in some way. JMR NEW YORK (Dow Jones)--Merrill Lynch & Co. upgraded its investment opinion on disk drive maker Maxtor Corp. (MXTR) to near-term buy from near-term accumulate. The firm's long-term rating remains accumulate, according to a research note. Merrill increased its price target on Maxtor to $16 from $15.50. "The shares are trading at a steep discount to our new price objective," the note reads. The firm said Maxtor is making the transition to the next-generation giant magneto resistive heads, known as GMR, which "increases confidence" in its 1999 outlook for the company.

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