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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 7.887

+0.7%

Dec 31 3:59 PM EST

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To: B. A. Marlow who wrote (6207)	3/12/1999 3:48:00 PM
From: killybegs	Read Replies (2) of 17679

Re the possibility of a deal for Tv on the Web with Melita Cable (Malta), that could be a nice little spark for the stock because of the pedigree...Melita is owned by United Pan Europe(50% interest). United Pan Europe (UPCOY) is a recent hot issue, IPO spinoff from UIHIA>done through Goldman Sachs and DLJ and Morgan Headquartered in Amsterdam, UPC is one of the largest broadband communications companies in Europe, with operations in ten countries in Europe and in Israel. As of September 30, 1998, UPC's systems had about 3.4 million subscribers to its basic video services, about 13,850 cable telephone and 12,725 Internet access subscribers. UPC recently completed its initial public offering. Its shares are traded at the Amsterdam Exchange (''UPC'') and NASDAQ (''UPCOY''). UPC is a consolidated subsidiary of United International Holdings, Inc. (UIH) (NASDAQ: ''UIHIA''). Microsoft Corporation has an interest of approximately 7.8% in UPC.

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