Continued...
to 11/11.
Subj: Re:Optimism $$$
Date: 96-10-29 20:33:27 EST
From: Brooke295
Nice post...............we should be buying more AXC now in the 6's.
=============================================================
Subj:
Re:Optimism $$$
Date: 96-10-29 20:38:05 EST
From: WAINROBE
It's always darkest before the dawn.
=============================================================
Subj: Re:Stock Close
Date: 96-10-29 20:52:46 EST
From: MQUAD
What is happening ??? Constant price fluctuations below 7? Why can,t it hold.
Is there a glass ceiling over this stock.
AXC - AMPEX CORPORATION CL A
Exchange: AMEX comp
Delay: at least 20 minutes
Last Price: 6 5/8 at 16:20
Change: Down 7/16 (-6.19%)
High: 7 1/8 at 9:55
Low: 6 9/16 at 16:07
Open: 7
Previous Close: 7 1/16 on 10/28
Volume: 327,700
30-Day Avg. Volume: 390,000
Shares Outstanding: 45,000,000
52-Week High: 15 3/4
52-Week Low: 3.62
Beta: Not Available
Yield: Nil
P/E Ratio: 4.0Subj: Re:Stock Close
Date: 96-10-29 21:10:01 EST
From: VHS 68
this might not have anything to do specifully with AXC but the mutual fund
companies have until thursday, October 31 to sell stocks at a loss and be
able to offset (or net) against capital gains booked earlier. this will
reduce the amount of capital gian distributions they will have to report and
distribute to their shareholders prior to year-end. shareholders who
re-invest their dividends and capital gain distributions don't like to pay
taxes on gains they do not get the cash for. a lot of mutual fund companies
are thinning out their losers now because of this. a lot of stocks at or
near their yearly low continue to get pounded. i would suspect you might see
a recovery occur in some of these next week. those that jumped on AXC in
the big run-up this spring might be closing out positions now, before
returning a little later. we'll see soon if this is the case. of course,
nothing like some good positive news on the company will be the thing that's
gets us rolling again. thanks for the great post Jubimer!!!!!
=============================================================
Subj: Re:Stock Close
Date: 96-10-29 21:15:57 EST
From: XFILER 4U
<<<Subj: Re:Stock Close
Date: 96-10-29 21:10:01 EST
From: VHS 68
this might not have anything to do specifully with AXC but the mutual fund
companies have until thursday, October 31 to sell stocks at a loss and be
able to offset (or net) against capital gains booked earlier. this will
reduce the amount of capital gian distributions they will have to report and
distribute to their shareholders prior to year-end. shareholders who
re-invest their dividends and capital gain distributions don't like to pay
taxes on gains they do not get the cash for. a lot of mutual fund companies
are thinning out their losers now because of this. a lot of stocks at or
near their yearly low continue to get pounded. i would suspect you might see
a recovery occur in some of these next week. those that jumped on AXC in
the big run-up this spring might be closing out positions now, before
returning a little later. we'll see soon if this is the case. of course,
nothing like some good positive news on the company will be the thing that's
gets us rolling again. thanks for the great post
Jubimer!!!!!>>>====++++++++++++++++++SORRY,but not many funds own AMPEX. Its
the story stock investers dumping. This stock is worth 5.25 and thats where
its going.
=============================================================
Subj: Re:Stock Close
Date: 96-10-29 21:34:56 EST
From: Steven7373
The MUTUAL FUND HOLDERS OF AMPEX ARE:
1) LORD ABBETT DEVELOPING GR A 450,000 sh as of JUNE 30 1996
2) PERKINS OPPORTUNITY 350,000
3) FIDELITY PURITAN 95,551
4) KEYSTONE STRATEGIC -A 75,765
5) VANGUARD INDEX TOTAL STK MKT 15,000 Subj: Re:Optimism $$$
Date: 96-10-29 21:53:36 EST
From: H102548
I'm sure you meant to mention, MQUAD, that this is a reprint of a Business
Week article from last spring.Subj: Re:Options
Date: 96-10-30 00:52:15 EST
From: HPhill
He has been implying that recent volume surges are a sign of insiders taking
advantage of the options market which cause's big volume surges. They were
up big time 2 days ago. Out of porportion to the increase of the stock
volume. If you KNEW something was going to happen before November 15 then
you would buy options for more bang for the buck. Some people watch the
divergance of the options volume to stock volume and buy or sell stock
accordingly. Zero puts is a bullish indication also. I look at this
occasionaly but have found that sometimes the big surges are caused by people
who just think they KNOW what is going to happen.
=============================================================
Subj: Options
Date: 96-10-30 18:00:53 EST
From: SDCELIS
Thank you HPhill.Subj: Monkey wrench
Date: 96-11-01 02:24:25 EST
From: Yogazen
Let me throw a couple of monkey wrenches in just for argument sake:
1> Options activity is useful, but it's hard to tell if it's "smart" money
or "dumb" money at work. If you think about it, 20 contracts at $1 is only
$2,000. That's not much for someone to gamble around with. Now, if daily
activity jumps from 100 contracts to 3,000 contracts, it's definitely worth
looking at.
2> Seems that everybody is so optimistic here (including me). But it's hard
not to think about WHO is selling the stock then? If everybody and their dog
loves this stock, who's selling it? I would think that mutual funds were
smarter that getting on the bandwagon that lots of "average joe" jumped on.
If they owned this stock, they own it dirt cheap. I seem to recall that
Fidelity was the one that had a huge position that it was dumping from $15 on
down that it owned for less than $3.50
Morsels for thought.
Yoga
=============================================================
Subj: Re: News release W/ AXC
Date: 96-11-01 10:21:28 EST
From: MQUAD
This news release mentioned AXC, thought everyone might be interested to read
any informatin on AXC due to the limited amounts. The news release is from
Oct30, 1996 under Sequent and Spectra Logics new agreement to work together.
Spectra Logic's Alexandria Backup and Archival Librarian is the industry's
premier, mainframe-performance solution for protecting UNIX Filesystems,
relational database (Oracle, Informix, etc.) and Internet Web Server
environments. Alexandria is the leader in "hot" database backup performance,
low-CPU overhead and unrivaled scalability.
"Our customers are experiencing significant growth in the size of databases
being required to support their businesses. With the inherent scalability
of ptx/ESBM (Alexandria) , Sequent customers have the ability to
non-disruptively increase their backup performance as their disk storage
capacity grows," explained Sequent's Fry.
Alexandria also provides the widest range of support for storage devices
including, 4mm, Exabyte 8mm, Ampex, DLT (Digital Linear Tape) 4000 and 7000
products, EMASS Library Systems, HP Optical Systems, IBM 3494/3590, Sony DTF
and AIT, Spectra Logic Libraries, and StorageTek Robotic Library
Systems.
=============================================================
Subj: Re:Question for Steven7373
Date: 96-11-01 10:23:51 EST
From: MQUAD
Steven 7373 where did you obtain the information regarding the mutual fund
investors. Very interesting !!!! Please reply. Thank You . Go
AXC!!!!!
=============================================================
Subj: Institutions and Analysts
Date: 96-11-01 12:20:13 EST
From: H102548
As always, just one investor's opinion. Personally I greatly prefer a very
low level of analyst coverage and institutional ownership in the small caps I
own. By the time that many analysts and institutions jump aboard - if that
day comes - the stock has usually made a great portion of its upward move.
That is often pretty close to a good time to sell.
We all know that Ampex had a grueling decline, and has been in a trading
range for quite awhile now. It will take hard news, or a general market crash
to move it out of that range.
For me, one point of keepered comfort is .... while years of R&D on a
product that proves unsalable is a very possible and understandable mistake
... building a sales infrastructure around a product they don't have a strong
clue they definitely will sell seems much less a likely error.
From my point of view - long term - AXC has tremendous 19mm storage and
instrumentation potential , KM potential, medium term royalty expansion
potential, and way out on the horizon, HDTV and digital broadcasting
potential. There are always risks, but I expect Ampex to be a very worthwhile
long term hold. I'd buy more on dips, but I don't have the cash.
When my patience starts to wear to a thin film, I personally just add a
keepered layer - which did get me 38% more Halloween candy last night.
=============================================================
Subj:
Re:Institutions and Analysts
Date: 96-11-01 12:36:06 EST
From: SCH ZX11
To H132548:
In reference to all of your not-so-subtle puns, I think youv'e been watching
just a little bit to much Wall Street Week. (I'm not sure how to spell
Ruekeyser).
=============================================================
Subj: Re:Question for Steven7373
Date: 96-11-01 13:01:58 EST
From: Steven7373
MQUAD: you can find top 5% ownership holders, top mutual fund holders & the
50 largest institutional holders of any stock by using webcrawler
www.STOCKSMART.COM
GO TO THE COMPANY CATALOG SECTION, TYPE IN AXC
STEVEN
v
Subj: Re:Institutions and Analysts
Date: 96-11-01 14:46:34 EST
From: H102548
Aww SCH ZX11. Always figured really lame humor was the universal language of
peace. C'mon brave little Ampex!
=============================================================
Subj: Re:Institutions and Analysts
Date: 96-11-01 16:18:29 EST
From: JLate34188
Hitdabid, what is your analysis of trading this week?
=============================================================
Subj: Re:Institutions
and Analysts
Date: 96-11-01 17:34:02 EST
From: HITDABID
I added this week at 6 5/8. I bought some today in fact, a few minutes before
the close. At the end of the day the bid got very strong on the stock and I
was happy to see that.
My cost in the stock is now about 9, and it is my largest single holding.
I had some interesting discussions this week with some west coast tech people
who are very close to the company and very up to the minute in the area that
AXC is involved.
Based on what I am hearing, I bought more.
At these levels, the risk/reward is better than anything else I can find out
there.....If we are all wrong, AXC is 5. When we are right..... its
20+.
Im long and will get longer if I have to.
The smart money always BUYS when nobody else wants to.
HITDABID
=============================================================
Subj: Re:Institutions and Analysts
Date: 96-11-01 18:04:58 EST
From: GMJHWINGS
Hitabid..I agree with buying ampex at todays price. I too bought more today.
I think that the patient holder of ampex will be rewarded well in the next 12
months. I would keep buying shares under 8 dollars for the next quarter.
Don't ask about sources, I can not disclose. Also watch for Cryolife over the
next 12 months.....If you want to have a real winner in your portfolio start
buying this stock under 15 ...you can thank me later. Last year cryolife's
profits bought my new computer.Oh and the new office it's sitting in too.
=============================================================
Subj: Re:Institutions and Analysts
Date: 96-11-01 19:40:39 EST
From: LConn94664
the thing that i like in this stock, is that it has 2 valuations. $ 10-12
WITHOUT KEEPERING ,
& 20 +++++ !. WITH THE TECH SELLOFF DURING THE SUMMER, I GOT BACK IN AT
$6.50.
IF YOU HOLD IT IT.... IT WILL NOT DISAPPOINT.
A 3RD PLAY IS A POSSIBLE TAKEOVER. WITH THE PATENTS, THEY ARE VERY
DESIRABLE............GO AXC !!!
=============================================================
Subj: Re:Institutions and Analysts
Date: 96-11-01 23:00:44 EST
From: TChan31314
Hitdabid,
Please elaborate on what you heard that made you so buy happy. I'm sure
disclosing sources is not an option, but certainly some news would be good.
Recently, your posts have become somewhat vague and makes me wonder if its
hope or hype.
BTW, I personally added to my port the last few days @6 5/8 as well.
=============================================================
Subj: Random Notes
Date: 96-11-02 11:58:31 EST
From: Jubimer
Thought you might be interested to know that Ampex will present at the 1996
Head/Media Technology Review in Las Vegas. They present on Sunday, November
17th. The title of their presentation is "Magnetic Recording Media is a
Keeper" It is presented by T. Coughlin, who is one of the co-authors of the
cover article on Keepered in the October issue of Data Storage Magazine. I
find this interesting because the Review is one of the Pre-Comdex
conferences. Comdex begins Monday November 18 in Las Vegas. So, Ampex will
represented at Comdex.
Also, 10Q should be due out in the next week or so. I think the evidence is
growing that a keepered contract is in hand. My guess is a major disk drive
manufacturer will introduce a "keepered drive" at Comdex.
=============================================================
Subj:
Re:Institutions and Analysts
Date: 96-11-02 12:44:43 EST
From: MF Muse
<<<Aww SCH ZX11. Always figured really lame humor was the universal language
of peace. C'mon brave little Ampex!>>>>
H102548 --
I agree! I've been following this board for about a week now and appreciate
all the contributions that have added to my knowledge of this company. One
of the most loyal Amati followers put me onto it and now I'm buying on dips.
Thanks!
Pat
=============================================================
Subj: Re:Random Notes
Date: 96-11-02 12:46:46 EST
From: MF Muse
<<< They present on Sunday, November 17th. The title of their presentation
is "Magnetic Recording Media is a Keeper">>>
Do you know what time? I'm planning on arriving on Sunday and will adjust my
schedule to attend.
Thanks,
Pat
=============================================================
Subj: Re:Random Notes
Date: 96-11-02 20:37:22 EST
From: Jubimer
They are presenting at about 4pm on Sunday Nov 17th.
=============================================================
Subj: Re:Random Notes
Date: 96-11-02 21:46:57 EST
From: Jubimer
To more precise, Ampex is scheduled to present at 4:30Pm, Sunday Nov 17.
=============================================================
Subj: Re:Random NoteAmpex:
Date: 96-11-03 15:17:23 EST
From: Marchfifth
Where is the meeting?
=============================================================
Subj: Re: data storage article
Date: 96-11-03 16:55:48 EST
From: RRomano617
I'm very surprised Ampex would issue an article in a leading technological
mag. about keepered media. Ampex has been extremely quiet regarding the
prospects of KM. I have called investor relations many times have have
gotten nowhere. I'm assuming this article written by two Ampex employees was
cleared by Ampex people, especially Bramson. This article confirms my
expectation of a km contract, but leaves open the question of who and dollar
wise.
=============================================================
Subj: Re: data storage article
Date: 96-11-03 21:17:15 EST
From: Dugasarc
Data Storage article was pure fluff, also a very good piece. It is ligt
technolcally and is intended for managers and all sorts of lite science folks
in the field.
Ampex puposre for this is one of building presence.
It is a very good idea to establish this idea ( a very very old one at that)
in the search for higher areal densities. KM has problems such as
non-standard dc bias current required in the inductive read head and use in
MR heads is not quite cleat yet.
However I hope for great success because the pulse width slimming effect of
KM is very real, however the non-Lorentzian nature of the pulse is a problem
for channel folks.
Lets hope the progress continues and their patents are not worthless pieces
of paper.
If it hits, it may hit big. If it can work with MR head then it could be
tremendous but don't hold your breath on that one, just yet.
Matt Dugas
=============================================================
Subj: Re: data storage article
Date: 96-11-03 21:18:00 EST
From: Dugasarc
PS
Great job credit goes to Tom Coughlin for the article.
Matt Dugas
=============================================================
Subj: Re: data storage article
Date: 96-11-04 18:34:41 EST
From: ASOngYiu
So, what do we know about this Tom Coughlin?
We know he works for Ampex. We also know he is a participating lecturer in
the Short
course on Magnetic Recording that is going to be held at the University of
Sta Clara this
December. Is he the new Vice President in charge of developing the KM
business for Ampex?
I recall that one of the items in the job description (on the AXC home page)
was "...to evangelize
the advantages of KM over MR..."
Anyone?
=============================================================
Subj: Recent price range.
Date: 96-11-05 17:21:22 EST
From: FlyingT
Technically speaking it seems we are going to test the lower end of the price
supports. Low 6's have held before, hope for all of us "Longs" it holds
again.....
=============================================================
Subj: Re:Recent price range.
Date: 96-11-05 22:50:00 EST
From: VHS 68
AXC continues to hold a very tight intraday price range this past week or
so. no momemtum going either way. up or down about 1/8. no news or
comments of any kind noticed on the news wires. Does AXC have anybody
breathing in their public relations department??? I realize there will not
be any comments on KM until the time is right; but they do have other
products and customers and contracts and just stuff going on with their
business!!!!!!!!!!
is no news: good news or bad news??????
JL
=============================================================
Subj: Matt Dugas
Date: 96-11-05 23:06:24 EST
From: Cablcarhpr
Say What??? Could you please translate for us Liberal Arts majors
=============================================================.
Subj:
Re:Recent price range.
Date: 96-11-06 07:23:13 EST
From: Brooke295
Over the last few months, AXC has drifted down to the middle 6's, only to
spurt to high 7's, low 8's in 2 or 3 days. It is especially discouraging
when the Dow is setting new highs, NASDAQ is up and AXC is down 1/8 or
1/16th. It takes nerve to buy more at this level.....but anything good about
Keepering will spike it a few points.
=============================================================
Subj: 3Q 10-Q is available
Date: 96-11-06 11:59:19 EST
From: SWPL
Ampex 10-Q is now available on the real-time EDGAR feed. It came out around
11 AM EST. My initial read is positive on keepered. Also Bramson bought an
additional 400K shares from the company at 6.875.
More info to follow.
=============================================================
Subj: Re:3Q 10-Q is available
Date: 96-11-06 13:06:32 EST
From: MF Muse
SWPL --
Thanks for the heads up. I spoke with company and the IR director said it
may take 24 hrs. before the 10Q shows up on the standard Edgar database. If
you have real-time access, you'll get it sooner. Bramson owns 18% of co, but
she didn't know if that figure included the 400K on this listing.
Checking AXC's homepage I found an impressive list of positions available.
With the CEO adding 400,000 and the company adding sales and marketing
personnel by the droves it looks like Operation Overlord.
Pat
=============================================================
Subj: Moments of Truth
Date: 96-11-06 13:12:32 EST
From: H102548
Ampex'll have many moments of truth over the next few years.Of course. But
the first of these draws very near. On the edge of my seat in Maryland.
( Dugasarc, I believe AXC holds patents that take care of the channel
concerns. They just didn't include them in the initial KM testing, believing
that that would entail "too much to ask" in terms of assembly line overhaul.
For now.)
=============================================================
Subj: Re:3Q 10-Q is available
Date: 96-11-06 13:25:35 EST
From: Trader37
The following are some snippets from AXC Third Quarter 10Q, please all -
read it in its entirety before trading on this. But I think it is very
positive!
The company gives many cautions but the following are interesting:
1- In October 1996, the Company's Board of Directors approved the
sale of
400,000 shares of common stock to the Company's Chairman and Chief
Executive,
Edward J. Bramson, in order to provide him with an equity incentive for
his
continued service to the Company. The purchase price for these shares
was
$6.875 per share, which represented the fair market value of the shares on
the
date the transaction was approved by the Board. Mr. Bramson acquired the
shares
through a limited liability company formed and controlled by him,
which
purchased the shares by paying $550,000 in cash and by issuing a
five-year
promissory note for the balance. The promissory note bears interest at
the
applicable federal rate, and is collateralized by the shares. The cash
portion
of the purchase price was added to the Company's working capital in the
fourth
quarter of 1996. A portion of the shares is subject to repurchase by
the
Company in the event that Mr. Bramson ceases to serve as an officer
and
director of the Company within certain periods expiring three years after
the
date of sale.
2- During the third quarter of 1996, Ampex participated with certain
hard
disk drive and head manufacturers in tests of new generations
of
high-performance inductive heads with keepered media. The Company believes
that
all of the disk drive manufacturers with which it has been actively
evaluating
keepered media are considering incorporating such heads into product
programs
that have target introduction dates in 1997. These heads could be used with
or
without keepered media. Therefore, the performance of keepered media with
such
heads may significantly affect the commercial prospects of keepered media
for
the near future. Initial tests with this generation of heads have indicated
a
post-channel linear density gain of approximately 20%. Ampex believes
that
additional capacity gains can be achieved by using the keepered media
to
increase track density, in addition to linear density, and also by
optimizing
read-channel electronics. However, pending completion of further testing
and
development, there can be no assurance that additional improvements in
capacity
can, in fact, be achieved. Additionally, it is not possible to forecast
whether
the performance improvement afforded by keepered media will be of
sufficient
magnitude to cause one or more disk drive manufacturers to adopt keepered
media
for future production. (The terms "post-channel" and "linear and track
density"
are explained in the March and June 1996 Forms 10-Q, respectively.)
3- Ampex believes that, at present, the major potential
benefit of
keepered media would be to permit the attainment of leading edge performance
at
a lower cost than would be possible using alternative technologies. The
Company
also believes that lower disk drive component costs may be especially
critical
in the high-volume, low price market segment for desktop disk drives, in
which
manufacturers' gross profit margins are relatively low. Accordingly, Ampex
has
now approached three manufacturers of hard disk drives that have
significant
shares of the desktop disk drive market to determine their interest
in
commencing a commercial product program incorporating keepered media. Ampex
is
currently holding discussions and negotiations with these and other disk
drive
manufacturers, but it is not possible at present to forecast whether any
of
these companies, or others that Ampex may approach in the future, will,
in
fact, undertake such a commercial product program.
=============================================================
Subj: Re:3Q 10-Q is available
Date: 96-11-06 13:59:49 EST
From: MF Muse
I phoned the company and was told the 10Q most likely will be delayed 24hrs.
on the web. If you have real-time access you can get it sooner.
Bramson owns 18% of co, though the IR director doesn't know if it includes
the 400K addition.
Check out: ampex.com for a list of job openings.
Between the CEO adding 400K and all these new positions in sales and
marketing it looks like Operation Overlord.
Way to go, Ampex.
Pat
=============================================================
Subj: CEO's purchase
Date: 96-11-07 07:30:35 EST
From: Brooke295
President buys 400,000 shares, aprox 1% of the company, with $500,000 down.
AXC takes back a note for aprox $2.3 million @ maybe 8% interest =
$184,000/year interest or $15,000/month.
CEO would not do this unless great rewards are on the horizon. $7, $8, $9
share price would eventually be a drop in the bucket......The huge amount of
Nov 7.5 call activity last week may indicate $8 to $9 by next week.
This is fun!!
=============================================================
Subj: Re:CEO's purchase
Date: 96-11-07 07:52:40 EST
From: SUNHOST
Let's see...Bramsom buys 400k shares last week at 6 7/8, then just a few days
later the 10Q is filed...which 10Q mentions that NEGOTIATIONS are going on
with several disk and head manufacturers....and all just 10 days before
Comdex Show ....hmnn...LOOKS GREAT TO ME!
=============================================================
Subj: Re:AXC TODAY
Date: 96-11-07 10:02:55 EST
From: Steven7373
AXC UP 3/8 AT 7 3/4 VOL. 227K AT 10:00 AM
GO AMPEX( IT WON'T BE LONG)
=============================================================
Subj: Re:AXC TODAY
Date: 96-11-07 11:18:56 EST
From: KevinZak
Back on the Ampex train! In at 7 3/8 this morning. Initial ride this past
spring sent stock from 5 1/2 to 15+ ( I got out at 12 3/4). Let the good
times roll!!
=============================================================
Subj: Re:CEO's purchase
Date: 96-11-07 12:03:00 EST
From: H102548
Please correct me if I'm mistaken, but doesn't the CEO's very recent purchase
( which is terrific news in general. His last buy was under two)
rule out an announcement of any contracts at COMDEX? 30 day insider trading
restrictions.If really good news comes, December looks like the time. =============================================================
Subj:
Re:CEO's purchase
Date: 96-11-07 12:25:40 EST
From: Jhgklm
As I understand it the CEO purchased the shares from the company's treasury
stock. If the directors had any knowledge of a contract then it would seem to
me that they would open themselves up to shareholder lawsuits as they would
be diluiting the value of the company. I do however think the CEO's purchase
is great news.
=============================================================
Subj: Re:CEO's purchase
Date: 96-11-07 17:37:30 EST
From: RRomano617
There seems to be no new news regarding information on keepered media through
the 10q. We were well aware of discussions with a few disk drive makers on
potentially incorporating keepered media in their disks in 97. I would have
wished to hear that a disk drive maker was close to finalizing a contract
with Ampex. To me, the 10q provides no evidence of a contract. The
purchases by Bramson are a definite plus, but I agree H10258 that he would
have not purchase the shares if he believed a conract was going to be signed
in the next few weeks. The purchase would be too close to the signing of the
conract. =============================================================
Subj: Re:CEO's purchase
Date: 96-11-07 18:21:02 EST
From: H102548
RRomano ... this 10Q says they are now negotiating. With the three drive
makers and others. In previous 10Qs, they were not.Seems to me to be a
natural step in the right direction. I personally take the news of Bramson's
purchase to be the most wildly bullish news I've heard since I bought the
stock. As always, time will tell. =============================================================
Subj: Re:CEO's purchase
Date: 96-11-07 21:28:04 EST
From: HPhill
Doesn't the 30 day restriction only apply when bought from the public from
shares already on the street? This is new shares bought straight from the
company. I don't know it may apply in either case, but he doesn't have to
disclose information this way! =============================================================
Subj: Re:CEO's purchase
Date: 96-11-07 23:20:53 EST
From: WAINROBE
The CEO's purchase is certainly good news and has brought AXC out of the 6's.
The question that only time will tell is whether the stock can break through
the barrier at 8.5 or whether it will once again fall back to the 6's? =============================================================
=============================================================
Subj: Check Bloomberg
Date: 96-11-07 23:34:53 EST
From: TChan31314
Anyone have access to two Bloomberg articles out today?
First one was an upgrade of AXC from Speculative Buy to >>>>> BUY!
Second one was a small write-up by an analyst recommending BUY, indicating
his confidence that Keepered Media was favorable and that there was little
downside risk.
I read by it really fast so wasn't able to get a good handle on the story.
TyGuy
=============================================================
Subj: Re:CEO's purchase
Date: 96-11-08 02:34:08 EST
From: H102548
Insider trading regs? Anybody know in a case like this? I don't.HPhil, are
you pretty sure about that? Though a deal may not be all but inked quite yet,
clearly Bramson is confident about the direction of the company. Very
confident. To be truthful, I'm already assuming some sorts of contracts ...
and beginning to wonder about their size ( as RRomano has mentioned), growth
potential, the likely duration of inductive head survival as a technology,
and the possibility of joint R&D agreements with more liquid companies ...
the goal to mate Ampex preamps and platters with MR heads.Sure would welcome
any comments.Its times like these that I love the market! (If a KM
announcement is coming up, I think I'd better have a surge protector wired
into my hypothalamus). =============================================================
Subj: Re:Stay Focused
Date: 96-11-08 09:18:03 EST
From: SUNHOST
IMHO, the keys to interpret now are:
1. 10Q says NEGOTIATIONS are now in progress. Not talks. Not
preliminary anything
but NEGOTIATIONS.
2. Bramson bought another 400,000 shares.
Even if Comdex does not produce the new announcements, all Bramson has to do
is wait at least 30 days fr9om 10/25. I personally thank him for sending
these legal signals.
I just added another 10,500 shares to a very substantial holding. ===================================== |
