Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.67

-14.0%

3:42 PM EST

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To: Michael Brian who wrote (687)	9/17/1997 7:59:00 PM
From: Hal Campbell	of 17679

Michael, I read that aricle and agree with its primary points but do not think they apply to Ampex. In the about 2 and a half years that I have owned the stock I think they have communicated what they have and what they were attempting to so with it in a usually very straightforward fashion. They stated the clear strengths of DST and have stated that they hope that increased software support would open new markets for its unique capacities in time....adding the proviso that " time will tell". They stressed the need to address larger markets ...and that KM was their first really recent attempt to do that. They mentioned both what it offers and the risks involved in staking your estimation of the stock on its future sale. They have been frank about ongoing negotiations and deals...to the rather remarkable point of mentioning that they turned down a lowball KM offer from an integrated drive maker. They were extremely straightforward about essentially abandoning the DCT market for now......too specialized to compete with Sony and Panasonic in it. Said those revenues would continue to fall. I did initially think that the DCR's were everyday flight recorders...but that was my laziness. They were initially a bit vague about their litigation strategy, but now clearly they not only hope to win from Mitsubishi but also take those results to other manufacturers in order to collect an increased percentage of what they are legally due in royalties. And of course the litigation, if succesful, may well strengthen protection for the rest of their patent portfolio - a big portion of the AXC's potential worth - in the future. And perhaps above all, they have stressed their continuing cost controls, which has led to a lean company that can still make money while revenues temporarily fall. Appropriate for any company playing in the tech crosscurrents. They have warned about seasonal weakness and low backlogs that makes everyone nervous about this upcoming quarter. And Karen has probably talked herself into several bouts of laryngitis with several hundred investors. Always tries to answer specifically worded questions. They can't exactly say " Hey we hope to make several hundred million from KM royalties by 2000".....though you can be sure that is at least what they are shooting for. I have no problem with them in the communication area. ( though once the various potentials begin to jell, I, for one, would like to see them begin to hold conference calls in conjunctions with earnings releases...open on a toll free number to all investors)

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