Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.80

-3.2%

3:59 PM EST

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To: Gus who wrote (3078)	7/28/1998 9:49:00 AM
From: Ed Perry	Read Replies (2) of 17679

"May all of our lives be interesting." Yesterday I threw another 10K at AXC (1 11/16). Man, it is tempting to take on more and more at these prices. It is hard to restrain. The George Soros school advocates that when you believe in a position you plunge deeply then watch the position like a hawk. Re flick's net research, it underscores one hidden strength of AXC, namely it's history of innovation and track record of products developed. This is the stuff that accounting goodwill is made of should the eventuality of acquisition ever occur. Meanwhile, the market is valuing share price based on recent history and current revenue streams. This is a reasonable and prudent approach. However, it does not take into account the wildcards of what will turn up in the near future. Noone knows about this except those on the inside and we "inside watchers." Ed Perry

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