Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.17

-6.5%

Jan 23 9:30 AM EST

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To: jonggua who wrote (1288)	1/17/1997 3:24:00 PM
From: Andrew Q. Viet	of 3256

You are right that share valuation of AXC in 1997 will reflect some expected revenues and profits in 1998. However, analysts time frame is Quarter to Quarter. Second half of 1997 is the time I will try to get back in. I may pay more but paying more for solid fundamentals is worth the price. I see a lot of uncertainties in this stock at this time. You know that they intend to manufacture some of KM platters and they neither have resources nor plant to make KM related products. The way out of this is issuing more shares to the public and don't forget there are around 70 million worth of convertibles. The initial effect of dilution is the deprecitation of AXC shares. If my accessment is wrong, oh well, I have already locked in the gains.

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