Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.74

-5.0%

11:51 AM EST

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To: Bruce Bacon who wrote (2339)	3/18/1997 2:44:00 AM
From: lance wolfe	of 3256

Wall Street has taken a "show me" attitude with Ampex. If Ampex can deliver the estimated 9 cents for Q1 and 15 cents for Q2 with less excessive one-time expense charges and win the law suit against Mitsu, then the price should climb briskly even without new KM deals. However, short term we absolutely have to beat Mitsu; a loss would convince Wall Street that our management is incompetent. A company can't spend a full year's earnings on a court case and lose. On the other hand, another great question is whether a Western Digital deal is around the corner. This would automatically trump anything negative and would send the price reeling upwards. And with Western Digital's new technology announcement coming up... who knows?

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