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Technology Stocks : Ampex Corp: Digital Storage
AMPX 12.57-14.4%12:05 PM EST
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To: lance wolfe who wrote (2692)4/29/1997 12:23:00 PM
From: charles moore   of 3256
 
This is exactly why I mentioned the fact that when it was $127
that there was "Negative" earnings of over $4.00. Yes I know that
Sales - Expenses....... So what you are telling me is that for 5
years they have known about this lag in Television Sales and did
nothing to compensate for it but put out Press Releases to the
fact that Sales were decreasing 4 years in a row due to loss of
Television Sales?I have only owned the AXC for about 8 months so I
wasnt privy to the last 5 years of Press Releases or annual
reports although I realize that the latest Annual report states
the "Loss of Television Sales".So it is your Contention that they
have been issuing this same reason for 5 years since the Gross sales
of $127?
Charles
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