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

To: scrooge who wrote (9792)	7/2/1999 9:37:00 PM
From: Carl R.	Read Replies (2) \| Respond to of 17679

Richard the thing holding this stock back is that no one can see the financial performance of what they are investing in. They can see the financials for Ampex Data Systems, but who would pay $5 for that? The valuable part of the company is the video portion, but there is virtually no public information about the past or future performance, so how is a responsible investor supposed to ascertain what it's worth? Even in an IPO you get to see what you are buying, but not here. Heck this is about like buying a non-reporting BB stock. <G> Quite frankly, we're just guessing that it is worth this much or more, but most investors want more than that, and aren't willing to buy on a guess and a hunch. Once the June financials are out, AXC will be much easier to value, for better or worse, and the stock could make a dramatic move one way or the other. Carl

To: scrooge who wrote (9792)	7/3/1999 8:15:00 AM
From: scrooge	Read Replies (2) \| Respond to of 17679

OT The USA is a great country (not perfect)- here's some information to remind those of us who are lucky enough to live here of what some of the founders of this republic sacrificed so that we could live in this wonderful land of opportunity. Have you ever wondered what happened to the 56 men who signed the Declaration of Independence? Five signers were captured by the British as traitors, and tortured before they died. Twelve had their homes ransacked and burned. Two lost their sons serving in the Revolutionary Army, another had two sons captured. Nine of the 56 fought and died from wounds or hardships of the Revolutionary War. They signed and they pledged their lives, their fortunes, and their sacred honor. What kind of men were they? Twenty-four were lawyers and jurists. Eleven were merchants, nine were farmers and large plantation owners; men of means, well educated. But they signed the Declaration of Independence knowing full well that the penalty would be death if they were captured. Carter Braxton of Virginia, a wealthy planter and trader, saw his ships swept from the seas by the British Navy. He sold his home and properties to pay his debts, and died in rags. Thomas McKeam was so hounded by the British that he was forced to move his family almost constantly. He served in the Congress without pay, and his family was kept in hiding. His possessions were taken from him, and poverty was his reward. Vandals or soldiers looted the properties of Dillery, Hall, Clymer, Walton, Gwinnett, Heyward, Ruttledge, and Middleton. At the battle of Yorktown, Thomas Nelson, Jr., noted that the British General Cornwallis had taken over the Nelson home for his headquarters. He quietly urged General George Washington to open fire. The home was destroyed, and Nelson died bankrupt. Francis Lewis had his home and properties destroyed. The enemy jailed his wife, and she died within a few months. John Hart was driven from his wife's bedside as she was dying. Their 13 children fled for their lives. His fields and his gristmill were laid to waste. For more than a year he lived in forests and caves, returning home to find his wife dead and his children vanished. A few weeks later he died from exhaustion and a broken heart. Norris and Livingston suffered similar fates. Such were the stories and sacrifices of the American Revolution. These were not wild eyed, rabble-rousing ruffians. They were soft-spoken men of means and education. They had security, but they valued liberty more. Standing tall, straight, and unwavering, they pledged: "For the support of this declaration, with firm reliance on the protection of the divine providence, we mutually pledge to each other, our lives, our fortunes, and our sacred honor." They gave you and I a free and independent America. The history books never told you a lot of what happened in the Revolutionary War. We didn't just fight the British. We were British subjects at that time and we fought our own government! Unfortunately, most of us take these liberties much for granted. So, take a couple of minutes while enjoying your 4th of July holiday and silently thank those who have sacrificed so that we might all enjoy liberty and freedom.