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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 11.28+0.9%Jan 21 3:59 PM EST

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To: Ed Perry who wrote (3306)8/31/1998 11:56:00 PM
From: Hal Campbell  Read Replies (1) of 17679
 
Thanks Ed.

Took a quick glance at Earhtlink( ELNK) and Concentric Network ( CNCX). Both web services companies. Interesting.
Earthlink's 52 week price range has been 6.81 to 46.25. Closed today at 26.5. Price to sales at today's close was 3.35. 52 week range for P/S .86 ( mymymy ...then was the time to buy) to 5.84.
Its market value as of today was 265 million. Sales are growing rapidly, but the company has been losing quite a bit. No profits yet.
Concentric Network's 52 week range has been 7.88 to 41. Closed today at 16. P/S range from 2,81 to a startling 14.64 in the last 52. 5.71 times sales as of today's close. Also hemorrhaging money. Sales also growing rapidly. Market Value at today's close - 89 million.
So the price for public web hosts has been phenomenally volatile. And I imagine the asking price for privately held ones waxes and wanes with em in 4/4 time. Jubimer's right. If AXC wants to buy in this sector, their cash has become more valuable in the last few weeks. Just as their ability to swap stock has become far less valuable.
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