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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: Hal Campbell who wrote (8046)	5/2/1999 10:18:00 AM
From: Thomas Kirwin	Read Replies (1) of 17679

"TVW and AENTV have historically generated modest profitability" Excerpt taken from Ampex '98 Annual Report Management's Discussion & Analysis on page 17. Subsequent to year end, the company announced that it had purchased minority investments in TV onthe WEB, Inc. ("TV ontheWEB") and Alternative Entertainment Network, Inc. ("AENTV"). The Company has options to acquire a majority interest in each of these businesses that expire at various dates through 2001. If Ampex elected to exercise its option to acquire control of all of these Internet video businesses in 1999, together with its initial investments therein, it will have invested approximately $12.7 million. The Company believes that it has sufficient working capital resources to fund the exercise of control options in affiliated companies and capital additions and operating expenditures of its in-house Internet activities throughout 1999. IMHO - the total purchase price of TVW and AENTV speaks volumes. There is something afoot. What is it? Best O'Luck! Tom

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