Subject: Please Forward - Mr. Jonathan H. Cohen, Director of Research
Date: Sun, 06 Jun 1999 07:55:38 -0400
To: comments@witcapital.com
Dear Mr. Cohen,
SEE LETTER ATTACHED BELOW........
Subject: Please Forward - Paul Noglows H&Q Senior Research Analyst, Consumer Media
Date: Mon, 31 May 1999 09:40:49 -0400
To: feedback.min@multexsys.com
Dear Mr. Noglows,
I have been following the re-birth of Ampex as an internet video, content and storage company for the last six months and believe that the story is just too compelling to ignore.
"Ampex Corporation is a holding company focusing on the acquisition, storage and processing of visual information. Since its founding in 1944, Ampex has been granted thousands of patents, 11 Emmys, one Oscar, and numerous other awards for technical achievements in electronic imaging."
"The Company, through its subsidiaries, strategic investments and internal projects, is further expanding in image-based markets by building an early presence in Internet video."
"The Company has web-video affiliates in the Los Angeles and the Washington, D.C. areas, and is constructing additional web-video production and distribution facilities in New York City and Los Angeles. Ampex's strategy is to increase the range, content and quality of its video offerings over the world wide web in line with future increases in the availability of high-speed Internet access."
Subsidiaries & Affiliates - ampex.com
Ampex Data Systems - ampexdata.com
Micronet Technology - micronet.com
Alternative Etertainment Network - aentv.com
TV onthe WEB - tvontheweb.com
Reiter Associates - reiterassoc.com
You may be interested in participating in the live web cast scheduled on June 28th. I've included the press release outlining the full details for your reference.
Ampex appears ready to do some great things and deserves analyst attention. You could be the one!
Best O'Luck
Tom Kirwin
Friday May 28, 9:15 am Eastern Time
Company Press Release
Ampex Announces Plans for June 28th Webcast On Company's Internet Video Strategy Chairman Tells Annual Meeting of Interactive Session to Discuss Initiative To Create Next Generation of Television for the Internet with Shareholders
REDWOOD CITY, Calif.--(BUSINESS WIRE)--May 28, 1999-- In a speech to
shareholders at today's Annual Meeting of Ampex Corporation (AMEX: AXC - news), Chairman Edward J. Bramson announced plans to hold a webcast with a live question and answer session for shareholders on June 28, 1999 to discuss the Company's Internet video strategy. Ampex, with over a half century of global leadership in the visual information industry, is leveraging its core technological expertise and reputation for quality and innovation to bring the power of television to the Internet.
In recent weeks, Ampex has taken a number of significant steps in building the Company's Internet video network. Ampex completed its acquisition of a majority interest in TV onthe WEB, www.tvontheweb.com, a leading Internet video provider. The Company announced that it has exercised its option to purchase a majority interest in Alternative Entertainment Network Television, Inc. (AENTV), www.aentv.com, a leading producer and aggregator of streaming media entertainment and information for the Internet.
Ampex has also signed a letter of intent with ISS, LLC to form a joint venture, Executive Branch TV, www.exbtv.com, which will provide coverage of White House and executive agency activities online beginning this fall. Additionally, the Company is progressing with the construction of its own Internet video production facilities in Los Angeles, which will be shared with AENTV, and in New York City.
Bramson will use the unique, interactive session to set out Ampex's Internet video initiatives, discuss additional opportunities to add content and distribution capabilities in the U.S. and overseas and address questions from shareholders on Ampex's strategy and the Internet video marketplace.
The webcast will take place at 2:30 p.m. EDT on Monday, June 28, 1999 and originate from the studios of TV onthe WEB in Reston, Virginia. The session will be able to be viewed and questions submitted at multiple Internet sites including www.ampex.com, www.tvontheweb.com, and www.aentv.com. Shareholders who wish to submit questions beforehand can e-mail them to investor@ampex.com or fax them to 650/367-4669.
Ampex Corporation, www.ampex.com, headquartered in Redwood City, California is one of the world's leading innovators of technologies for the visual information industry. The Company, a participant in the Internet revolution since its early days, is leveraging its core expertise in image-based markets to develop the next generation of TV by assembling a network of targeted video-driven sites on the Internet.
Ampex's strategy is to use its technological expertise to increase the content and quality of Internet video. The Company plans investments and alliances with existing webcasting companies, and will also develop its own production and distribution facilities. Ampex currently has strategic interests in TV onthe WEB, www.tvontheweb.com, a leading Internet video provider, Alternative Entertainment Networks, www.aentv.com, one of the largest on-demand streaming video sites and Executive Branch TV, www.exbtv.com, which will provide coverage of White House and executive agency activities over the Internet beginning this fall. The Company is constructing its own Internet video production facilities in Los Angeles and New York City.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties and unforeseen circumstances that could cause actual results to differ materially from those currently anticipated. Potential risks and uncertainties include, without limitation, those mentioned in the Company's 1998 Annual Report on Form 10-K filed with the SEC and its quarterly report on Form 10-Q for the quarter ended March 31, l999.
Contact:
Ampex Corporation
Karen Schweikher, 650/367-4111
Director, Investor Relations
or
The MWW Group
Rich Tauberman, 201/507-9500 (Public Relations)
rtauberm@mww.com
Matt Messinger, 201/507-9500
mmessing@mww.com |
