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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 12.44-8.4%Jan 30 9:30 AM EST
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To: charles moore who wrote (1331)12/1/1997 1:38:00 AM
From: Micheal Chia  Read Replies (1) of 17679
 
To all:

Red Chip Review has just downgraded the stock from B to C. It is worried that the transition to GMR heads will be to quick for AXC to catch the MR boat (just like the inductive head boat). They are also concerned of Bramson's letter stating that the R & D for KM will be reduced if KM does not profit in the near future.

As I questioned to you earlier Gus, do you think Ampex should concentrate its money on MR or GMR? Obviously they spent a lot of money already on MR, what can they do now?
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