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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 9.475+2.5%Jan 9 9:30 AM EST
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To: B. A. Marlow who wrote (5621)2/18/1999 2:00:00 PM
From: Hal Campbell  Read Replies (3) of 17679
 
<< AXC is the rare schizophrenic player in this era.>>

And I remain a schizophrenic holder, BAM ( sure laughed at your line "as Groucho Marx said" about dotcommunism, BTW).

Part of me is scared by numbers and thinks "They bought a whole damn company ( MicroNet) and sales are STILL falling!" Another view dreams of very obvious synergies coalescing just beyond reach right now.

A couple points to the practical side. The products AXC purchased MicroNet for were not even released til the first quarter. The contracts mentioned, modest as they are, didn't add a penny to the fourth quarter. Comparisons to this year's sales are going to be easy to exceed. And 19mm sales increased, quarter over quarter.That's a good sign. While our dreams for rocket rides lie elsewhere, simple sales increases that should come eventually will protect our backsides while we wait.In time.

And, in terms of takeovers and holding companies and such .....while very unlikely I do not think it impossible that someday AXC - when a web delivery brand name is established and the growing market for their storage machines becomes evident and there is at least a partial resurgence in DCR sales - could have the choice of selling its manufacturing business ( if the price were right ....200 million or more) and simply becoming a pure holding company for patents and Internet audio and video delivery. Then a cash rich, low fixed cost, pure frontier play.





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