Ampex Corporation (AEXCA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.31

-4.7%

Nov 20 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michael Olds who wrote (7520)	4/18/1999 4:08:00 PM
From: Carl R.	Read Replies (1) of 17679

Quite frankly I think that until the BCST/YHOO deal came up the pace was going to be quite a bit slower. If Gardy had seen that deal, no way would he have given AXC 51% for a measly $10mm. (Fortunately he did, though.) I think the plan was to give Gardy the initial $4mm, then later in the year another $6mm for the other 31% (I am assuming that the option was at a constant price). I think they would have nursed the money more cautiously and tried to grow as fast as they could within the confines that they had fiscally, with the expectation of an IPO next year. I think that the extreme valuation of BCST and RNWK have everyone at AXC justifiably excited, and I think it has accelerated their plans. I think the reason they are bringing on big names so fast is so that they can move even faster, and in more directions at the same time. Production studios in NY and LA, and now Malta. New names like ITVN and OLTV. Reorganizing into a holding company. Starting in-house production. There is no question in my mind that there was a deliberate plan for one press release per day last week, to build excitement for whatever they plan at NAB. The only question is what that is. Carl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next