Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 8.730

+10.7%

3:59 PM EST

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To: HPilot who wrote (1523)	1/29/1997 10:16:00 PM
From: mike wirtz	of 3256

Dear all, This is my first post to this thread. I bought Ampex a couple of years ago (from the Pink sheets) , because of the DCR recorder. I work for the DOD as an engineer, and if you want to record digital video, Ampex has the only recorder. At this time Keepering was one of many promising patents. I have a different take for "lack" of stong support for what I consider to be the most promising stock I have seen in years. In the seventies, Ampex had a market cap larger than Xerox, and over the years quite a few people got burned by this "technology" stock with all this "promise" and "patents". How many of you have ever owned a stock that looks great, but goes through the floor? Would you buy this stock again? There is that old saying, "fool me once shame on you, fool me twice shame on me". Institutions/people whom have been burned in the past by this "promising stock", will sit on the sidelines until we get some "real" paper results. cheers mike

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