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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 12.18-0.3%Dec 5 3:59 PM EST

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To: HPilot who wrote (5610)2/17/1999 10:38:00 PM
From: Carl R.  Read Replies (3) of 17679
 
You said Ampex made its purchase of TV on the Web too late to participate in the last internet rally. Except for the spike after the announcement. Unfortunately we will have to suffer during the sell off of internet stocks.

Excuse me, but examine this chart:
techstocks.com

I think you will find that you are wrong. It will also put the recent decline into a new perspective. Our move is exactly equal to the other internuts, we just made it all at once, and later. Thus the second half of your statement that we will have to suffer with the other internuts is reasonable.

As a side note, I notice that according to the table at the bottom, CMGI had more profit than revenue. Is this possible? Is it some new form of accounting?

Carl
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