Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.51

+5.9%

3:59 PM EST

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To: Milt Best who wrote (6534)	3/25/1999 4:47:00 PM
From: K.Martin	Read Replies (2) of 17679

I spoke with Karen today. To summarize: 1. AXC purchased a 20% interest as this is the threshold up to which an investment can be carried as an investment on your books. AXC has up the 3 years to expand stake ( she used 3 years as an example ). 2. AXC is building an internet TV Network. 3. TVW and AEN were aquired for content. 4. AEN will move into AXC production facility on the west coast. 5. AEN and TVW will not be merged. 6. Based on the conversation i believe AEN and TVW are going to continue as independent entities controled totally by their current management. One interesting thing she said while we were talking about Dave Gardy posting on TVW massage board was that he could do that as a private company but once he becomes public that that would change. Dont know if she 'slipped' or was talking in broad sence. 7. Bramson has no time table for completion of anything. This troubled me greatly. Every good mnanager has time tables. 8. 10K to be out soon. 9. Bramson year end letter to be out hopfully in first week of April. Hope this info helps if you have additional question i suguest you call Karen yourself.

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