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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!
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To: don_lapre who wrote (4140)7/20/2001 3:50:22 PM
From: Ed Perry   of 4169
 
Yeah, I agree. It's ultimately good news. Ampex didn't have a chance at making a go of it in
the Net arena. A combination of bad markets, bad revenue models and inappropriate
management - Bramson bunch was never up to the task.

Falling back to ADS and royalty income is the alternative to Chapter 11. Today's
announcement is not a bankruptcy announcement, just the opposite. It's a responsible move
in the light of a cash flow disaster and a responsible recognition of financial obligations.

What the outcome will be is no moon shots, probably pink sheets and a trading range of .25 cents
to maybe 1.25 (long term). Today's selling is the emotional reaction to the lost moon shot
hopes, the last squeezing of the Bear visiting this last refuge of hope.

Now, AXC is a trading range penny stock given to 75 cent trading ranges. That's probably
all it ever was for the last two years.

There is a possibility of selling ADS plus royalties and the tax writoffs. Probably an exchange
of stock for stock and an assumption of debt. I doubt this though. I expect that Bramson will
still want to be CEO of something even if it a 35 person company.

Incidentally, with iNEXTV gone and ADS pared back, I would put the required head count at
30 for ADS and 5 executive staff. That would probably be a profitable company - even after paying
debt costs.

Ironically, this is probably a great buying opportunity for a five (?) bagger 75 cents? Not the moon
shot that all the emotions were attached to (including mine) but certainly a mid risk longer term
trading opportunity.

One "good" thing is a cashing out of plenty of holders on. You know, when the last seller is gone ...

Ed Perry
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