Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.54

-3.2%

1:39 PM EST

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To: Mary Beth Ford who wrote (974)	12/17/1996 11:06:00 PM
From: Hal Campbell	of 3256

Mary!?! Iomega AND Presstek and JLGI!! You rode all those trains? Amazing. I've owned a few like that. Sold each and every one way too early - always a problem for value players like myself. I'm working on it. Bought CAMP (presplit numbers) at 7 ..went to 11 ...fell to 3 ...bought 400% more at 3.75 ...sold at 10 ....in the next year it went to over 95. One example. AiYiYi. Of course Iomega and Presstek surfed an incredible battle between momentum players and short sellers. No short position to speak of yet in AXC. Presstek benefited from Cabot fever also. And Iomega was truly the first on their block with a popular product ... which came out just before hard drives really increased in size ... so many were sitting around with stuffed drives and really needed something. I'm not really familiar with the JLGI story. AXC's helical scan head was revolutionary, but KM isn't. Just the latest incremental improvement in established thin film tech. Of course it it happens to be the last advance for awhile, and is fully MR complementary ... then look out! Speaking of valuations - outside of the Presstek bonkers stuff - I noticed that a major brokerage house initiated coverage with a strong buy on Cascade Communications - a fine growth stock, but one that was trading on that day at a valuation of already 50 times estimated 1998 earnings. Not as crazy as Presstek, but still very rich. Without any KM, that would put AXC easily over 30 right now. The key is for Ampex to become widely perceived as a growth stock. And for that, naturally, they need some positive earnings surprises over time. AXC has so many irons in the fire that that is possible. And the company does grab the imagination. We shall see. Good luck to all but Mary ....with stock plays like that she doesn't need luck. Glad you are aboard with us Mary.

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