Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.99

+3.0%

1:10 PM EST

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To: HPilot who wrote (1818)	2/18/1997 3:07:00 PM
From: Paul Corbett	of 3256

thank you for the question. I bought this stock at 10 1/8 in December.I got out today at 7 1/2. I believed at the time that 7 7/8 would hold. It didn't. 7 1/2 won't hold either. 7 won't hold either. 6 1/2 won't hold either. Statements like KM will increase the price of this stock 300% are easy to make but apart from the assertion itself there is no evidence to support this opinion. Do yourself a favor and get out now.. with respect to BORL I believe the stock will turn for the following reasons.... 1)the appointment of Dell Yocam as CEO. He has links with top companies like AAPL and ORCL 2) The Dec qtr loss contains lots of one off charges due to the acquisition of Open Environment. 3)It is a fair bet BORL will return to profitability in the June 1997 qtr. 4) sales are good and there are 3 major releases to come C+++, Delphi, and J builder

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