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

To: Thomas Kirwin who wrote (9361)	6/19/1999 4:49:00 PM
From: Michael Olds	Read Replies (1) \| Respond to of 17679

Good idea Thomas. I have just completed losing my painstakingly put together Excell spreadsheet detailing the holdings of Convertible Preferred, Redeemable Preferred, and Common, of those Insitutions that held the Old Convertible (learned to spell convertible), from the link Hal provided above. Puff! Gone! In any case, from having gone over each one individually, I cannot see a threat from this sector. Most are retirement trusts that look to be putting a little zing into their future (read high risk = high rewards) (my broker, a very conservative, low risk, buy and hold sort, does this with an education trust I manage...). They are small accounts, but most are controlled by Fidelity. If Fidenlity becomes disenchanted with AXC there would be plen'y nuf trouble fo sure. Conclusion: Past heavy selling pressure did not come from this sector; future selling pressure not likely to come from this sector.