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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 10.31-4.7%Nov 20 3:59 PM EST

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To: Carl R. who wrote (7518)4/18/1999 3:54:00 PM
From: Michael Olds  Read Replies (2) of 17679
 
Carl,
I ask your patience. I am not yet convinced. First, however, let me say that I am absolutely of the opinion that an IPO is being thought about. It is the timing I am questioning. And it is the need for immediate capital and the best way to get it while insuring as best as possible a long future as both a holding company and as a broadcast network. So I am asking, what do youall think the plan was before the AOL deal, taking into consideration that the Gardy's in the organization would probably have to convince Bramson in the same way as you are having to convince me. And second, if Bramson's plan was not an IPO, how would you suggest that his idea would be transitioned to your idea. Something was set rolling before the AOL story, and I doubt seriously if the whole thing was just thrown out, and the way it looks to me, it needed as much new money as the story does today.

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