Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.28

-3.8%

Nov 14 9:30 AM EST

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To: killybegs who wrote (2763)	5/30/1998 5:25:00 PM
From: Hal Campbell	Read Replies (1) of 17679

<< If you can confirm>> Don't know if you were asking me to confirm or not Jubimer, but...lol... its a chance to talk. Just in case you were,what I have heard ranges from shaky rumor to pretty solid report. The pretty solid report came from last fall, and was that AXC was indeed very interested in providing web related services. The shakier stories I heard were involving impending deals .....AOL and MCI were mentioned ....and their likely intent to acquire a private video streaming software company. ( I note that the price of one publicly traded firm of that sort has descended a bit from the higher reaches of lala land. ) Most of the investors on this board know I am sure that turnarounds can be perilous and lengthy. And that , as I believe Gus mentioned once, that the best leadership for a turnaround is not always necessarily the best for growth. Those of us that purchased AXC probably thought the turnaround was about over.... that growth was about to begin ....and that there were numerous possibilities that it would be spectacular. Didn't work out and now another remaking...another attempted turnaround ...is in progress. This time around they are operating from a much lower revenue base, but they have cleaned up much of the balance sheet ( despite the loan) and certainly have a great deal more cash on hand. And the market is probably inching more in their product's and potential's direction. I often, out of attempted honesty or out of personal investor's psychodrama or whatever, find myself posting negative aspects of this stock. And there are in fact many negatives that can be mentioned - we didn't get to this price by accident. But if they succeed in acquiring and managing and producing new products and litigating .......if they succeed at all...... then AXC is quite a rare bargain at these prices. Those I mentioned this company too - relatives, ex friends and such- LOL ......they all have much smaller stakes than I, and in between my fervent apologies I always suggest they hang on to it for a few more years. Unfortunately I probably will not have that kind of time - may have to move on to other investments prematurely - but patience does seem to me the best approach to AXC right now. Too cheap to sell, and I think the odds at least slightly favor that it may be a stock all are VERY glad they have hung on to someday. Someday.

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