Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.55

-7.5%

Feb 10 3:59 PM EST

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From: Rick Kunz	5/4/1996 2:08:00 PM
	of 3256

I bought the last lot of Ampex shares that traded on the pinks, the day they switched to the AMEX and changed symbols from AMPX to AXC. I think this company has a lot of promise. Red Chip Review seems to think their `keepered media' technology is beginning to be noticed and actually now has a strong potential to contribute to AXC's income. The company shows earnings of $1.78, I think, but about a buck of that was a one-time gain from selling off their HQ building, and leasing back only that space they need now, so the P/E ratios are skewed by that somewhat. Still, even at under a buck in earnings, the stock is cheap today at 10 and change. I'm buying more at the current level as I think the momentum is there. I love it when it's shown on all the screens as the most active on AMEX on an uptrend! If keepered media does gain a foothold and get some wide use among storage companies, their earnings will go through the ceiling. Next couple months I look for a 30% gain over the current level and I would be satisfied, but the gut says there's more upside in it. Rick (rkunz@eskimo.com)

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