Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 8.725

+10.6%

3:56 PM EST

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To: Ken Holbert, Jr. who wrote (2629)	4/22/1997 1:03:00 PM
From: Scott H. Davis	of 3256

It's market psychology we're fighting. HLIT just posted revenue increase of 69% over year ago, eps trippled, and the price went down. PE is now about 21, price/sales about 2.3/1 - basically a PE at the same level as the DOW for a company with no debt and 5-10 times the growth rate. In the last 4 months, I've finally learned to not assume the market will act rationally. Ultimately the psychology of the market will change, but who knows what it will take or how long. FYI Scott

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