Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.19

-1.2%

3:23 PM EST

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To: Carl R. who wrote (7525)	4/18/1999 6:37:00 PM
From: Michael Olds	Read Replies (2) of 17679

>In actuality the initial market cap of TVoW would probably be much >less than the $3 billion in the example above, probably no more than >$1 billion, though it would hopefully rise in time to the $3 billion >level. Therefore the cash receipts may well be much less, probably >1/3 of the amounts listed above. Thus post-IPO I would guess that >AXC will hold about $333mm of TVoW stock and maybe $20mm in cash. >Does this sound reasonable No offence Carl, you're arguing your case well, but my answer is, in a word, no. I think the figures in this, your last paragraph, are much closer to the likely than those used in the full argument, and $20 M leads to a bankrupt AXC. Those shares of TVotW AXC would hold are worth nothing until they are sold, and TVotW has to go it alone on another $20 M. And where does this leave the Ampex Network? Without one of it's most credable assets.

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