Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.59

+6.3%

Jan 27 3:59 PM EST

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To: stan s. who wrote (807)	12/5/1996 6:46:00 PM
From: Forrest Coile	of 3256

...And here is what II said about AXC: ( From: individualinvestor.com ) YEAR-END WRAP-UP (Posted 12/4) Ampex is still intriguing. After jumping to $15 per share last May, the stock ended up at $7.13 at fund's close on November 11, and is trading now in the $10 range after rumors of a large contract (which the company will not confirm) gave AXC a jolt. The company's new "keepering" technology for increasing the speed and capacity of computer hard drives has been pushing the shares; it could yet push them above the old highs, but only if licensed by manufacturers. If keepering is not accepted, Ampex's stock will decline, as speculators stampede out of the stock. We regard trading Ampex at current prices as speculative, but given the new technology's considerable potential, very reasonably speculative. Even if keepering doesn't pan out, the downside here should be limited to $7-8 in 1997. (posted 12/4 with AXC trading at $10.50)

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