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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olds who wrote (9348)	6/19/1999 1:40:00 PM
From: jerryriti	Read Replies (1) \| Respond to of 17679

re: convertible. I must confess that I had not done sufficient DD, but it does become quite necessary to know the conditions under which AXC pays in cash or stock, i.e., I assume that the holder of the convertible must be notified at some point of that decision before the due date (perhaps an empty assumption) and they then will have a widow of opportunity to short with impunity down to the $2.50 price. While this is not a floorless convertible, it does have the possibility to pressure the price of the stock downward via short selling once the holder knows that there will be conversion(I am not trouble by the dilution as this is the cost of doing business).Hope to hear some better informed opinions on the subject and I will try to become better familiar with the specifics as time allows. Still amazed at the high quality of information that the internet brings to bear on the investment community via threads such as this one. Time to enjoy some beautiful Long Island weather and attend to life away from the world of investments! Have a grand weekend!

To: Michael Olds who wrote (9348)	6/19/1999 1:49:00 PM
From: John M	Respond to of 17679

Gdog Gd,thanks for the information.In my original message I typed Gdog Gd ,where that Gdog gd showed up.Not sure what happened there.As far as not having an analyst start coverage,I guess I just dont "get it".The stock price is low,still somewhat undiscovered,exciting new management,the right business at the right time.If one thought it was even somewhat of a CMGI or broadcast.com,why not get your clients in now?Sometimes I will go to the Yahoo finance section and look at the upgrade/downgrade section.There are bunches of crap stocks recommended I would never touch.A lot of them without one tenth the potential of axc.I guess thats why I dont "get it".Oh well,time for the weekend to start.

To: Michael Olds who wrote (9348)	6/20/1999 12:14:00 PM
From: killybegs	Read Replies (3) \| Respond to of 17679

Mike, did not have time to read all the posts, so this may be redundant...however, lets keep our class of securities straight. Ampex has out common stock and two issues of preferred. One issue of preferred was 20 million face amount of CONVERTIBLE preferred. Of this a substantial amount converted to common in the first quarter and if we take one of the holders, Fidelity, as an indication, they have continued to hold all their shares. The other issue is a REDEEMABLE preferred. This is NOT convertible. The only way they get common stock is when AMPEX chooses, NOT THE HOLDER, to pay the dividend and REDEMPTION due in common stock.