Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.15

-14.4%

11:51 AM EST

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To: W. Thompson who wrote (3006)	6/4/1997 11:54:00 PM
From: HPilot	of 3256

My charts show that we may have moderate resistance at 7. Duh! We have seen that today right? But I expect it to last only a few days. Maybe 3? However, I would expect even stronger resistance at 8, unless of course we get good news which could bring us strong resistance at 80 or so. Lisa where did your broker hear of that rumor that Ampex has signed 4 contracts? Hope that is KM contracts not DST! I am thinking that Gus may have a point in that we will not see an announcement just a sudden large increase in earnings! Maybe Maxtor doesn't want public to know that their drives are using a new technology. They may not want to try a new technology they don't percieve as proven. Would't it be something if they did sign contracts with every major manufacture, but could't say anything because every contract had a non disclosure clause. They would all have it thinking the other's may not!

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