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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.69

-0.9%

Dec 9 3:59 PM EST

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To: Thomas Kirwin who wrote (2550)	4/16/1998 6:13:00 PM
From: Hal Campbell	Read Replies (1) of 17679

<<IMHO - Ampex may release some news as the shareholders meeting scheduled for 05/15/98 is fast approaching.>> That isn't AXC's style, Tom. At least not up to now. I expect the meeting to be a nonevent. Thanks for the post Gus. That sector sure has the market's gleefull attention. My very distinct impression is that initially the funds will be used just as Red Chip said- to expand the DST offering. Sales are falling, and they are trying to counteract that. As the company has said, any efforts they make in that direction will take time to grab hold. I really do believe that we are in for a few more rough quarters, both in terms of earnings and quite possibly share price. Something will have to catch the market's imagination, and remove it's focus from falling revenues and profits for this to be anything other than another rough year for shareholders.

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