Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 9.190

-0.2%

3:59 PM EST

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To: Swamp Fox who wrote (2917)	7/6/1998 11:53:00 AM
From: hookjock	Read Replies (1) of 17679

Well he certainly laid his cards on the table. Ampex's products lines are state of the art machines but the level of sales will be slow. He has taken the approach of Grow or die. If they did nothing to increase revenue than the company certainly would die. So he has now decieded to roll the dice on struggling companys that they have synergys with in the hopes that he can turn them around. He blames the lack of profitability of MicroNet on low funding so he plans on throwing money at that division in the hopes something will grow. At the very least it is nice to see the company take some action in trying to grow revenues. The question is did he wait too long to start?

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