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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.89

+4.6%

3:30 PM EST

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To: Hal Campbell who wrote (4869)	1/28/1999 5:02:00 PM
From: Texas77	Read Replies (2) of 17679

<<Dave. You were with EMASS!>> Hi Hal, I'm not sure what happened to the EMASS stuff. I was working on another FAA project in the same building in Garland Texas (Dallas) a few years back and then they up and moved all the EMASS stuff to Denver - I think it was Denver anyway? Back then ESystems thought they needed to keep everything a secret. I do know that they were expecting it to be a large revenue generator. I spent 14 years with ESystems - but I made a big mistake - I turned 50 and at E*Systems that was a mistake. Then Raytheon bought them (I traded out 2K shares on Friday because I was going on a trip and I didn't like to hold stock when I was out of town - and Raytheon bought them on Monday at an $18 premium! - good timing heh!) I was using Ampex DM9300 - 300MB dual ported disk drives just prior to that time - so I was very familiar with them. Best products available at that time IMO. With the volume today - and a close at $5 - we should show up on a lot of radar screens tonight. I think some houses require a stock to close over $5 for a few days before it can be margined - so we have lots of new buying support out in front of us for a while yet. With these sharp gains we will probably continue to have day trader action for a while causing these small pullbacks. However, a lot of the profit takers from the prolonged period we traded at low levels will melt away soon and we can continue a steady upward climb. This early in the game I can't even set a target - but I think we will be very happy over the next year.

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