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Technology Stocks : Ampex Corp: Digital Storage
AMPX 11.93+5.8%3:59 PM EST

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To: DAVID C who wrote (939)12/17/1996 1:35:00 PM
From: Hal Campbell   of 3256
 
Couple points. New contracts and price moves in general. When ( or I guess if) KM contracts come, they will be unusual in that they open brand new revenue streams for Ampex. And so it is difficult to compare them to new contracts that simply expand established business.
I continue to be of the opinion that it is much more likely that AXC will be in the 35 or higher range in 3 to 4 years, than it is that it will be in the twenties in 2 months. I think we have a long term growth stock on our hands, not a piece of dynamite. Less likely to have an extreme surge in stock price, but also less likely to blow up in our faces. Holiday cheer and blessings to all....
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