Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.28

+0.9%

Jan 21 3:59 PM EST

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To: Wayne Umfleet who wrote (987)	12/18/1996 11:39:00 PM
From: jonggua	of 3256

You mention Redchip is forecasting a $30 price in 97. Is that from their print publication, or are you just getting it from the phone message saying it's a double or triple this next year? Am curious if they actually have a 12 month $30 price target IN PRINT, or if just by Bloomberg's taped phone conversation. Also, good article in Investors Business Daily about investing in growth stocks with accelerating earnings. Used USRX's 10 fold runup in about a year as an example, when it's earnings were accelerating every quarter over quarter and beating estimates, causing a (growing) pe expansion from 16 to 44 when it topped out at $105. Now it's at $70, and that with steadily increasing eps! Just goes to show the stock usually tops long before the business does. Waiting... Now guess a first announcement won't be till the 1Q 97, altho they could surprise us!

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