Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.56

-14.8%

Feb 5 3:59 PM EST

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To: David Maginnis who wrote (3192)	8/6/1998 6:32:00 PM
From: Hal Campbell	Read Replies (1) of 17679

Don't think so David.Optical is still very slow. But I don't think even AXC thinks tape will be it forever. The bear case here is that AXC took its swing for the fences with KM...apparently failed. The market for DST is still not there yet. DCR is under pressure from solid state perhaps ( sales may already be falling rapidly - my biggest worry). TV aftermarket is still headed to 0. The litigations are very uncertain. And given the history of rapid ...to an almost alarming degree ... revenue shrinkage in the company as is, a low level of confidence in their ability to get the most out of any acquisition. The bull case is Bramson's financial wizardry - so important in any acquisition but hamstrung by the recent fall in share price - the cash on hand which now handily exceeds market cap, the potential of the royalty stream and the patents ( we always thought). And I suppose the litigations could prove a wildcard positive. I wish they would seek a buyer ........ wouldn't hurt to at least find out if anyone is interested and at what price.

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