Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 12.44

-8.4%

Jan 30 9:30 AM EST

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To: Swamp Fox who wrote (7847)	4/24/1999 2:44:00 PM
From: john adriaan kolenberg	Read Replies (1) of 17679

don't know if anyone has seen this... this is an old article does anyone know if he still holds a position in ampex ? Return of the Tech Zombies Mr. Koe's fund has an average compound annual return of 25% since its founding 4.5 years ago. It shot up 41% last quarter, based largely on his concentrated position in Xicor. This company is typical of the orphaned holdings that Mr. Koe prefers. He now holds a strong position in Ampex, a maker of digital storage systems primarily for video. In Mr. Koe's view, "If it were a two year-old company, its stock would be trading at $20." Ampex's CEO, Ed Bramson, completed an LBO and then mounted a huge reorganization. The head-count is down from 7,000 to 500, real estate and a division are being sold off, the product line has been cut from hundreds of offerings to only 16 in the last two years, and 80% of revenues are from products less than two years old. The company's products have found new vertical markets, including a large account with Visa. herring.com

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